MAYTAG

1992
Net Sales
Less: Cost of Sales
Gross Profits
Selling, general, & Admin expenses
Reorganization Expenses
Operating Income
Interest Expense
Other - net
Income before taxes and
Accounting Changes
Income Taxes
Income Before accounting Changes
Effects of accounting changes for
postretirement benefits
Net Income (loss)

$3,041,223.00
2,339,406.00
701,817.00
528,250.00
95,000.00
78,567.00
(75,004.00)
3,983.00
7,546.00

100
76.92%
23.08%
17.37%
3.12%
2.58%
-2.47%
0.13%
0.25%

(15,900.00)
(8,354.00)

-0.52%
-0.27%

(30,700.00)
($315,354)

-1.01%
-10.37%

The Common Size Statements reveal that the Cost of Sales are a proportion has gone up by a small a
which is one of the causes of the falling gross income and thus one of the reason for the net loss. The
major change seen over the years is the Reorganization expenses of $ 95000 which is the main re
behind the net loss in the year 1992. Another reason for the loss is the effect of accounting changes f
retirement benefits. Thus from the commonsize statement helps us to understand that the loss in th
1992 is due to exceptional items. Most of the other expenditure remain same in proportion to sal

MAYTAG
1991
2,970,626.00
2,254,221.00
716,405.00
524,898.00

%
100
75.88%
24.12%
17.67%

191,507.00
(75,159.00)
7,069.00
123,417.00

6.45%
-2.53%
0.24%
4.15%

(44,400.00)
79,017.00

-1.49%
2.66%

79,017.00

2.66%

ortion has gone up by a small amount

the reason for the net loss. The other
$ 95000 which is the main reason
effect of accounting changes for post
understand that the loss in the year
main same in proportion to sales.