Content analysis
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
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New words:
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Financial report summary
?Management Discussion
- The Company had sales of $3,913,174 for the fiscal year ended August 31, 2019, compared to $3,329,876 during the fiscal year ended August 31, 2018, an increase of $583,298. This represents an increase of 17.5 percent. All of the sales are generated by Trade Leasing, Inc. The Service Products Division had no sales.
- Cost of sales increased by $424,736 from $2,723,653 to $3,148,389 which was due to increased volume during the 2019 fiscal year.
- Gross margins increased by $158,562 from $606,223 in 2018 to $764,785 in 2019, primarily due to the increase in revenues and cost of sales during 2019.