From: "Glenn Meadows" 

Just dropping in for a minute here:

You said 43% INCREASE in profits, not 43% profit.  Big difference.  IF
their profits were 2% of gross sales before, a 43% INCREASE in profits
would put there profit on gross sales at 2.84%.  If their profit INCREASE
was 100%, their profit on gross sale would be 4%.

NOTE:  I DID NOT SAY THAT THE PROFIT ON GROSS SALES WAS 2%, just using the
number as an example of linking percentages to actual numbers for
perspective purposes.

The opposite, if they went down from 4% to 2%, that's a 50% reduction,
where as going from 2% to 4% is a 100% increase.  A matching INCREASE is
double what the decrease is.

Back to lurk on this subject.

--

Glenn M.
"Geo"  wrote in message news:439ffe64{at}w3.nls.net...
> This is all real interesting but the numbers I posted said 42% increase in
> profits, so unless you want to show me something that says 43% decrease in
> profits the year before then you really don't have a leg to stand on.
>
> Geo.
>
> "Gary Britt"  wrote in message
> news:439f01f9$1{at}w3.nls.net...
>> Yes a CPA many years ago (still a CPA technically).  I passed the exam on
> my
>> first try, which is something only the top 4% in the entire country did
> that
>> year, but hey I never took some financial planner insurance salesman
>> correspondence courses to make me an expert in analyzing financial
>> statements.
>>
>> Gary
>
>
>

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