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COMPARATIVE PROFIT & LOSS STATEMENTS
For 11 Months Ended November 30, 1944-November 30, 1945
11 Months Ended
11 Months Ended
November 30, 1945
November 30, 1944
Brought Forward
$553747.07
$841341.83
Deducts Charges against Income
Service Station Net
.97
176.73
Loss on Sale of Securities
28.55
Annuities
3360.51
7169.87
Loss on Sale of Equipment
55.89
Loss on Bad Accounts
15000.00
18390.03
-
7402.49
Net Profit bafore taxes & Renegotiation
535357.04
833939.34
Less: Provisions for Renegotiation
173000.00
506000.00
362357.04
327939.34
Deduct: Fed. Income Taxes
289912.00
262543.00
Leas: Post War Credit
27612.00
262300.00
24884.00
237659.00
$100057.04
99280.34
% of Gross Profit to Sales
23.0%
31.2
% of Net Profits to sales before
taxes and renegotiation
15.6%
24.18
% of Net Profits to sales after
taxes and renegotiation
2.9%
2.88
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"ocrText": "COMPARATIVE PROFIT & LOSS STATEMENTS\nFor 11 Months Ended November 30, 1944-November 30, 1945\n11 Months Ended\n11 Months Ended\nNovember 30, 1945\nNovember 30, 1944\nBrought Forward\n$553747.07\n$841341.83\nDeducts Charges against Income\nService Station Net\n.97\n176.73\nLoss on Sale of Securities\n28.55\nAnnuities\n3360.51\n7169.87\nLoss on Sale of Equipment\n55.89\nLoss on Bad Accounts\n15000.00\n18390.03\n-\n7402.49\nNet Profit bafore taxes & Renegotiation\n535357.04\n833939.34\nLess: Provisions for Renegotiation\n173000.00\n506000.00\n362357.04\n327939.34\nDeduct: Fed. Income Taxes\n289912.00\n262543.00\nLeas: Post War Credit\n27612.00\n262300.00\n24884.00\n237659.00\n$100057.04\n99280.34\n% of Gross Profit to Sales\n23.0%\n31.2\n% of Net Profits to sales before\ntaxes and renegotiation\n15.6%\n24.18\n% of Net Profits to sales after\ntaxes and renegotiation\n2.9%\n2.88"
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