TABLE 24.-AVERAGE COST OF GOODS, BY SPECIFIED ITEMS OF EXPENSE, AND PROFIT OR LOSS, BY GROUPS OF ESTABLISHMENTS-Continued. The average net sales of all of the 63 establishments that reported were $423,711; the average cost of goods sold, $399,412; the average manufacturing profit on net sales, $24,299; the average final profit on net sales, $20,303. These items for all establishments and for the various groups are shown in Table 25. TABLE 25.-AVERAGE NET SALES, Cost of GOODS SOLD, AND MANUFACTURING AND FINAL PROFIT, BY GROUPS AND BY COMBINATIONS OF GROUPS OF ESTABLISHMENTS [For definition of terms "Manufacturing profit" and "Final profit," see pp. 48-49.] As will be observed from Table 25, the average amounts of net sales per establishment were largest in Group V, the mills spinning all or part of their yarns, but the average manufacturing profit in this group was smaller than in any other group except Group II. The group with the next largest average net sales was Group III, composed of 3 mills in the South, and this group had the largest manufacturing profit and final profit. Group II, composed of mills in Pennsylvania and Ohio, had the smallest average net sales, cost of goods sold, manufacturing profit, and final profit. TABLE 26.-PERCENTAGE OF AVERAGE SPECIFIED ITEMS OF EXPENSE AND PROFIT OR LOSS, BASED ON NET SALES, BY GROUPS AND BY COMBINATIONS OF GROUPS OF ESTABLISHMENTS. Selling expense: Cost of goods purchased. Add decrease in stock of goods. Miscellaneous income (add to profit, deduct from loss). Interest paid on current loans (deduct from profit, add to loss).. Miscellaneous expense (deduct from profit, add to loss). a Less than one one-hundredth of 1 per cent. PERCENTAGES OF SPECIFIED ITEMS OF COST. Table 26 shows, by groups of establishments, percentages based on the averages of net sales, costs, and profit. For purposes of comparison, the percentages of the items of cost and the percentages of profit are shown in the condensed tables which follow. TABLE 27. PERCENTAGE OF AVERAGE SPECIFIED ITEMS OF EXPENSE AND PROFIT, BASED ON NET SALES, BY COMBINATIONS OF GROUPS OF ESTABLISHMENTS. Examining the average percentages, in Table 27, of all establishments that reported, and considering net sales as the base, or 100 per cent, the cost of the raw material was 58.66 per cent; the cost of goods manufactured, 95.89 per cent; the manufacturing profit, 5.73 per cent; the final profit, 4.79 per cent. Table 27 also shows the summaries for mills buying all their yarns and for mills that make only cotton garments. Table 28 shows the same items for each of the five groups. |