FinancialStatement Analysis.docxVIP

A620 section 01: Financial Statement Analysis ProjectSripanya, KritsanaSong, DiZhang, HanwenZhou, ZhuoweiUniversity of New Haven / West HavenDecember, 2012Financial Statement AnalysisToyota Motor CorporationYear over year, Toyota Motor Corporation has seen net income shrink from $5.0B to $3.4B despite relatively flat revenues. A key factor has been an increase in the percentage of sales devoted to the cost of goods sold from 93.24% to 93.59%. Although debt as a percent of total capital decreased at Toyota Motor Corporation over the last fiscal year to 52.37%, it is still in-line with the Autom