22. R&D The fiscal 2008 R&D efforts were focused on design modifications and enhancements to existing products , the development of new applications and the development of new products .
23. 1. Burden of Tax (tax bracket) 2. Burden of Interest (how much is financed at what rate) 3. Revenue that is left over after paying variable costs, used for fixed (interest on debt). How much a company makes (before interest and taxes) on each dollar of sales WANT HIGH 4. Determines how efficient company uses assets to make sales/cash WANT HIGH 5. How much growth in roe is financed GREATER POWER TO GENERATE ROE
34. Patents The Company believes that its patents, proprietary technology, know-how, and trademarks provide substantial protection for the Company’s competitive position