Abraham & Straus inc.

COMPARATIVE PROFIT AND LOSS
 

Net Sales (including sales of leased departments)..............

Cost of Goods Sold and Expenses, exclusive of items listed below
(See Note 3)........................................

Deduct:

Depreciation  (See Note 4)..............................

Maintenance and repairs................................

Interest on indebtedness and amortization of debt expense.......
 

Six months ended
July 31,

1942                  1941

(audited)       (unaudited)

$12,054,137       $11,194,569
 

11,107,124
 

162,403
39,022
 

10,592,919
 

$    947,013       $    601,650
 

$     193,343       $     192,616
 

163,311
15,162
 

$    394,768       $     371,089
 

S    532,245       $    230,561
 

Other Deductions—net:

Losses from properties rented to others, including depreciation of

$7,566 for each period................................

Less interest and dividends earned on securities...............

Net Profit, before federal taxes on income...................

Provision for Federal Taxes on Income:

Normal tax and surtax.................................

Excess profits tax.....................................

Net Profit...........................................
 

$
 

14,503
1,154
 

$
 

16,061
1,189
 

$
 

13,349
 

$
 

14,872
 

s
 

538,896
 

$
 

215,689
 

$     112,000       $      44,000
138,000                 26,000
 

$    250,000
 

70,000
 

S    288,896       $     145,689