Sample Thesis Paper
The net sales in 2008 for Colgate Palmolive have continued to follow a trend of profits that can be observed through the decade. However, the gross profit margin for Colgate Palmolive has still not reached the peak it had in 2007; after which it experienced a decline in 2008 and is expected to rise beyond 56.7% of sales from 2008 but not beyond 57.3% of sales as was recorded in 2007 (Colgate Palmolive Company 2010). However, earnings per share have continued to show a steady increase.
In a more recent perspective, Colgate Palmolive experienced a growth in organic sales and an increase in the margin of gross profit. In 2009, Colgate reported an increase in worldwide sales as well as an increase in the gross profit margin, operating profit, net income and diluted earnings per share.
The company’s controls are managed through adherence to the Securities Exchange Act and are directed by the Company’s chairman, the president of the company, the chief executive officer and the chief financial officer. Policies for disclosure controls are established through them in the form of a committee (Colgate Palmolive Company 2008). The financial reporting although is headed by the chairman, the president and the chief financial officer. The company follows generally accepted accounting principles in the preparation of the disclosure reports and assistance is taken in the evaluation of the company’s accounting standards by comparing the standards followed to the thresholds set by the Committee of Sponsoring Organizations of the Tread way Commission.