income statement

Revenues for Goodrich Corporation increased from $6.4 billion in 2007 to $7.1 billion in 2008 (a 10.5 percent increase), but earnings increased by over 40% from $483 million to $674 million. In recent years the company has reported losses from debt retirements, accounting changes, and discontinued operations. Explain how these items could influence your conclusions about Goodrich’s comparative performance from 2007 to 2008.

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