Audiovox 2008 Annual Report Download - page 117

Download and view the complete annual report

Please find page 117 of the 2008 Audiovox annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 130

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130

Audiovox Specialized Applications, LLC and Subsidiary
(A Limited Liability Company)
Consolidated Statements of Income
November 30, 2007, 2006 and 2005
2007 2006 2005
Net sales $ 71,368,141 $ 57,142,023 $ 49,794,847
Cost of goods sold 56,006,751 43,814,678 37,917,202
Gross profit 15,361,390 13,327,345 11,877,645
Selling, general and administrative expenses 8,583,032 7,824,861 7,365,886
Operating income 6,778,358 5,502,484 4,511,759
Nonoperating income (expense):
Investment income 103,449 292,623 204,707
Interest expense (574) - (70)
102,875 292,623 204,637
Net income $ 6,881,233 $ 5,795,107 $ 4,716,396
See Notes to Financial Statements
3
Source: AUDIOVOX CORP, 10-K, May 14, 2008