Appendix Table 23. — Costs and profit, as percentage of net sales, for each 

 type of fish processing plant compared with food processing in general, 

 1967. 



Fresh & Food proces- 



frozen Canned & Groundfish sing: food 



packaged cured filleting and kindred 



fishl./ seafoodsi/ fishery^/ Average products^/ 



-Percent- 



Net sales 



Cost of sales 



Gross profit 



Material costs 



Labor 



Capital costs 



Operating 

 expenses 



Net profit 

 before tax 



100.0 

 51.3 

 48.7 

 19.1 

 10.8 



i/3.3 



A/11.5 

 5/4.0 



4/15.6 



5/3.4 



6.4 



-0.9 



11.2 



2.2 



16.1 



5.3 



1/ Census of Manufactures (including fin- and shellfish) 1967, U.S. Department 



of Commerce. 

 2/ Groundfish: Fishing and Filleting , a special study of 23 firms in 1954, 



55, 56, made by U.S. Tariff Commission. 

 3/ Business Income Tax Returns Statistics , 1967, Internal Revenue Service. 

 4^/Derived from the ratios of the 2 items in general food processing as 



reported by Internal Revenue Service, 1967. 

 ^Derived from financial statements collected by Moody's on fishery 



product processors and canners, 1969. 



56 



