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1、1TheFinancialStatementsSPOTLIGHT:RadioShackCorporationWheredoyougowhenyouneedtoshopforvideogames,cellphones,orthosehard-to-findbatteries?Perhapsyou’reahobby-houndlookingforametaldetectorormicroscope.Howaboutalaptoporspecialconnectorcablesforacomputer

2、storagedeviceorhometheater?Whensomeother“bigbox”storesdon’thavewhatyouneed,chancesareyoumightrunoutto“TheShack.”BasedinFortWorth,Texas,RadioShackCorporation,betterknowninitsadver-tisingas“TheShack,”hasbeenofferingauniqueshoppingexperiencetoelectronic

3、scustomersforover40years.Thecompanyoperatesanetworkofalmost4,500retailstoresintheUnitedStatesandMexico,over1,200dealeroutlets,andalmost1,300wirelessphonekiosks,primarilyinSam’sClubandTargetstores.RadioShackoffersabroadselectionofrelevanttechnologypro

4、ducts,includinginnovativemobiledevices,accessories,andservices,aswellasitemsforpersonalandhometechnologyandpowersupplyneeds.Thecompanyfeaturesnationalbrandsandwirelesscarriers,aswellasexclusiveprivatebrands.AndperhapsoneofRadioShack’sbestfeaturesisth

5、atitsstoresaresmallanditssalesassociatesareknowl-edgeableandhelpful.Asyoucansee,TheShacksellslotsofelectronicdevicesandgadgets—about$4.5billionfortheyearendedDecember31,2010(line1ofRadioShackCorporation’sConsolidatedStatementsofIncomeonthenextpage).O

6、nthese?Larevenues,RadioShackCorporationearnednetincomeof$206millionfornaSundman/AlamytheyearendedDecember31,2010(line13).Theseterms—revenuesandnetincome—maybeforeigntoyounow.Butafteryoureadthischapter,you’llbeabletousetheseandotherbusinessterms.Welco

7、metotheworldofaccounting!●12Chapter1RadioShackCorporationandSubsidiariesConsolidatedStatementsofIncome(Adapted)(Inmillions)YearEndedYearEndedDecember31,2010December31,2009Revenues1Netsalesandoperatingrevenues$4,472$4,2762Costofproductssold2,4622,3143

8、Grossprofit2,0101,9624Operatingexpenses5Selling,generalandadministrative1,5551,5086Depreciationandamortization76847Otheroperatingexpenses418Operatingexpenses1,6351,5939Incomefromoperations37536910Otherincomeand(expense),net(39)(41)11Incomebeforeincom