Word: nets
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Dates: during 1940-1949
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...close 19 to 18 victory over Platoon Eight gave Platoon Two the basketball championship for class 3-'43 on Monday. Playing in the Indoor Athletic Building, Forward Davis sparked his mates to their victory with five points. Just behind was Center Curtis with a net of four goals...
...ocean-going ships afloat when America went to war, at least 700 having been unofficially reported sunk, and U.S. figures are behind the actual sinkings. Secretary Knox last week admitted that the Allies last year had a net shipping loss of about 1,000,000 tons...
...companies to whom war conversion came hard, 1943 began much better than 1942, provided no account is taken of the fact that gross sales rose much faster than profits. Prime example: General Motors, its gross almost tripled, turned in net earnings of $33,100,000, about 30% over last year's first quarter...
...year's rate rise which ICC canceled last month (TIME, April 26). Alone in all U.S. industry, the rails made a spectacular showing. Lumbering New York Central almost quadrupled its 1942 earnings, hit $16,100,000- a 14-year high. The wobbly Rock Island did likewise, pushing its net up to $8,800,000 (v. $2,300,000 last year); Denver & Rio Grande jumped from $463,000 to $2,474,000; Great Northern turned a $92,000 deficit into a juicy $1,991,000 profit. Of 22 roads to report last week, not one showed a drop in earnings...
...corporations figured that Congress could not squeeze much more out of them than in 1942. But the most interesting thing to slide-rule experts was the way 1942 tax rates tended to equalize corporate earnings. The huge earners were hard put to it to turn extra gross into extra net (in some cases tax reserves were six to seven times as big as net income). But excess-profits tax rates are already so high that a drop in gross earnings almost cancels out in the consequent drop in tax liability...