i need to make presentation about Taser international Financial Statement Analysis?

Anonymous
timer Asked: Apr 6th, 2018
account_balance_wallet $15

Question description

as i attached , i want to make power point presentation about Taser international in Financial Statement Analysis.

Tutor Answer

MurphyW
School: UT Austin

Hello,Attached find the completed work together with the plagiarism report. Go through it and in case you need any corrections kindly let me know.All the best.

Taser international
Financial Statement
Analysis

Common size analysis
• It is also called vertical analysis
• converts each line of financial statement data into data that can
easily be compared, that is, data in form of percentages (common
size).
• For example;
• income statement can be presented as a percentage of the net sales, a balance
sheet as a percentage of total assets or total liabilities and shareholders’ equity.

TASER INTERNATIONAL INC.
(CONSOLIDATED COMMON-SIZE INCOME STATEMENTS)
• For the year ended December 31st
2010

2009

2008

Net sales

100%

100%

100%

Cost of Goods Sold

47.8%

39.2%

38.6%

Gross margin

52.2%

60.8%

61.4%

Sales, general & admin expenses

45%

41.7%

41.9

Research and development expenses

13.1%

19.2%

14%

Income(loss) from operations

6%

0.076%

5.6%

Interest and other income statement

0.03%

0.16%

1.9%

Income (loss) before tax

5.8%

0.09%

7.5%

Provision(benefit) for income taxes

(0.8%)

0.09%

3.6%

Net income(loss)

5.04%

0.0012%

3.9%

N/B : % = operations /sales *100%

Chart Representing Consolidated Common-Size Income

Interpretation of Data
According to the common size analysis of taser company calculated above the profitability of the
company is decreasing this is because :
• The gross margin /sales percentage has reduced from 61.4% in 2008 to 52.2% in 2010.
• They are having little net income which later gets to losses .Net income(loss)/sales has reduced from 3.9% to
(5.04%) which means the company will not be able to pay dividends in the long run.
• The sales and admin expenses have increased over the years from 41.7% to 45% in 2010 which are too high
leaving a small amount as net income.
• The interest rates on loans have decreased fr...

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Anonymous
Thanks, good work

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