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CanGo Financial Income Statement Comparison of the years 2008 and 2009.

In order to find out what division had the greater profits I choose to do a Comparison of CanGo Financial Statement from 2008 to 2009. In 2008 CanGo total revenue was $10,000,000, and increased to $50,000,000 in 2009.
The 2008 Expenses which consisted of (CanGo’s On-line Gaming, AD & Sales, and other expenses) Total $9,600,000, which brought the overall all net before taxes to $400,000.00 but increased in 2009 to $8,440,000.00.
At first glance one might conclude that is increase in performance was due to the acquisition of the on-line gaming division, whose revenue equaled the other two divisions combined (Books $7,000,000 and CD/MP3 $3,000,000) which gave us the total revenue of $10,000,000 for 2008. But is this true? Was online gaming the source of the increase in profits?
Based on the financial data that was available in CanGo’s financial statement it clearly shows that the online books sales was the only profitable division with revenue of $15,000,000, Expenses at most $6,560,000 with a net of $8,440,000.00. Given the amount that the Books Sales Division has brought to the company I would recommend that the Book Sales be Prioritized over the other division.
Because the market is becoming more and more dependent on mobile internet connections. Can Go needs to perform at a higher level than current ability. In order to progress further toward a wider geographical gap, Can Go should consider increasing their online gaming market.by restructuring how those divisions are being used in Advertisement and Sales to attract customers. Customer retention is harder to maintain as more developers for online games is becoming increasingly popular. The chart above shows relationship of cost of good sold to the revenue for years 2008 and 2009. Can Go exhibited a increased revenue in 2009

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