Analyze the Common Size Income Statements Below for 3T Company

question 15

Essay

Analyze the common size income statements below for 3T Company:
$\begin{array}{lcc}&2015&2014\\\text { Net sales } & 100 \% & 100 \% \\\text { COGS } & 89 & 87\\\text { Gross margin }&11\%&13\%\\\text { Selling, general and administrative }&7&9\\\text { Restructuring, asset impairments and other charges }&0&9\\\text { Income/(loss) from operations }&4\%&(5)\%\\\text { Interest expense }&(1)&(2)\\\text { Income/(loss) before taxes }&3\%&(7\%)\\\text { Provision for/(benefit from) income taxes }&1&0\\\text { Income/(loss) after taxes }&2\%&(7\%)\\\text { Discontinued operations, net }&6&1\\\text { Net income (loss) }&8\%&(6)\%\end{array}$

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Definitions:

Object-oriented Design

A programming philosophy based on the concept of "objects," which are data structures encapsulating data and functions.

Verbs

Words that express actions or states of being.

Objects

Instances of classes that encapsulate data and functionality, acting as the basic building blocks of object-oriented programming.

Class ActionListener

An interface in Java that listens for action events, such as button presses, allowing classes to react to user interactions.