be 24% of sales, would be incurred evenly throughout each month of 2012 under either seasonal or level production. Polar was facing a corporate tax rate of 34%.
2
BRIEFCASES | HARVARD BUSINESS SCHOOL
Purchased by: yifan zhao EVONNE.ZHAO@163.COM on July 13, 2013
Polar Sports, Inc. | 913-513
Table A
Consolidated Income Statement, 2009–2011 (in thousands of dollars)
2009 2010 15,065 10,244 4,821 3,615 125 19 1,099 374 725 2011 16,360 10,798 5,562 4,090 128 15 1,359 462 897
Net sales…
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