Omm 622 Week 5 Assignment Checklist

OMM 622 Week 5 Assignment Checklist

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OMM 622 Week 5 Assignment Checklist

Evaluating financial statement data is a critical step in determining a company’s financial status. Within this analysis, there are certain steps that will help determine if the reported earnings are in fact true and what this information consist of.

Sales

With a slow decline in sales each year, Kodak is aware of what needs to be done in order to maintain a positive gross profit for them. “Driven by significant industry-related volume, gross profit improved due largely to reduced manufacturing in addition to foreign exchange as a result of the weak U.S. dollar’s net impact on revenues and cost” (Eastman Kodak, 2007,p.23). Restructuring cost of $238 million impairment charge for the sale of a China facility as well as taking on a restructuring program that is expected to generate future annual cost savings. These savings are expected to be future annual cash savings and are to be realized in the first quarter of 2007 and the rest at the end of 2008. With an expectation to reduce future cost of goods sold, R&D and SG&A operating profit will eventually come out of the negative stance.

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