17c. Operating Income as a percent of Net Sales _____% December 31, 2015 Decembe

Question

17c. Operating Income as a percent of Net Sales _____%

December 31, 2015 December 31, 2014 Increase (Decrease Amount PercentAmount Percent Amount Percent 8 NET SALES 9 Cost of Sales $901,265 409,388 491,877 100.0% $769,832 353,314 416,518 100.0% 45.9% 54.1% 45.4%) 56,074 15.9% GROSS PROFIT 54.6% 75,359 18.1% 11 Operating Expenses: 12 13 31,868 63,334 57,192 (2,560) 149,834 342,043 3.5%) 7.0%) 6.3%) (0.3%) 16.6%) 01 40% 18.6% 3.4% (61.3% 12.9% 20.5% Sales and marketing Research and development General and administrative 30,637 53,403 338 6,618 132,760 283,758 4.0% 6.9% 7.2% 0.9% 17.2% 36.9% 1,231 9,931 1,854 4,058 17,074 58,285 55, 15 Loss (gain) on foreign exchange Total Operating Expenses 17 OPERATING INCOME 18 OTHER INCOME (EXPENSE), Net: 20 Other income (expense), net (301) (125) 426 (0.0%) (0.0%) 0.0% (77) 793 716 (0.0%) 0.1% 0.1% (224) (918) (1,142) 290.9% (115.8% (159.5%) Interest expense, net 21 Total Other Income (Expense) INCOME BEFORE PROVISION FOR INCOME TAXES 341,617 37.9%) 284,474 37.0% 57,143 20.1% 11.1% 0.0% 26.9%) 10.9% 0.0% 26.0% 18.5% N/A 20.8% Provision for Income Taxes 99,590 127 $242,154 84,029 15,561 127 $41,709 Loss from non-controlling interests 25 NET INCOME $200,445 Weighted Average Common Shares 26 Outstanding 52,676 52,104 27 BASIC EARNINGS PER SHARE $3.85 ..IPG Photonics Inc Stmt

Explanation / Answer

Operating Income as a percent of Net sales = Operating Income /Net Sales

= 342043/901265 = 37.95%

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