Word: grosse
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Dates: during 1950-1959
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...limited to cash available for dividends and retained earnings, but should also include such things as depreciation, i.e., funds set aside to help pay for new plants and replacement-in effect, profits plowed back into the business. To get a better idea of profits, the Chicago Fed uses "gross returns to capital," counts the total profit after taxes, including all depreciation, interest, retained earnings and dividends. On that basis, there is no profit squeeze. Gross profit margins have actually gone up, will total 7.6% on sales in 1955-57 v. 7.4% in 1946-48. The fact that so much...
Many an investor does not realize how expensive industry's expansion has become. International Business Machines Corp., for example, had gross returns after taxes of $35.10 per share last year, paid out only $3.80 per share as cash dividends; of the remaining $31.30 per share, $20 was charged off as depreciation, $9.30 was retained as cash, and another $2 per share went to pay interest on IBM's debt. In years past, U.S. manufacturing corporations were able to finance most of their expansion by retained earnings, had a relatively small debt to worry about. But today so many...
...docks for 45,000-ton oil tankers. At Enna, in Sicily's depressed interior, Milan Edison was putting the finishing touches on a $16 million chemical plant. All told, since 1948 nearly $500 million in new capital has been invested in Sicily. In the process, Sicily's gross income last year soared 20% to $857 million, v. only 8% increase for the rest of Italy...
...third quarter, the gross national product increased to an annual rate of $439 billion, $5 billion more than the second quarter. But economists charge all the gain off to price rises; the real value of goods and services produced showed no increase. In October industrial production was down 2 points to 142 on the Federal Reserve Board's index, compared to the boom peak of 147. Though overall employment in October increased slightly to a monthly record of 66 million-and unemployment decreased to 2,500,000-the bulk of the gain was in farm workers; nonfarm workers increased...
...plastic guitars. The editors' character revelations, which are bound up with statistics, are usually more fascinating than the inventories. Though the Maccaferris like strumming a ukulele "the music that gives him and his wife most pleasure is the whir of the adding machines"--which last year rang up gross sales of $3 million, on which the Maccaferris netted a "melodious" two hundred thousand after taxes. Throughout the book taxes play the role of a mild villain...