PROBLEM 1–3 Perform a comparative analysis of Eastman Corporation by completing the analysis below.

Describe and comment on any significant findings in your comparative analysis.

EASTMAN CORPORATION Income Statement ($ millions)
For Years Ended December 31 Average Cumulative Annual Year 6 Year 5 Year 4 Amount Amount Net sales . . . . . . . . . . . . . . . $ $3,490 $2,860 $ $
Cost of goods sold . . . . . . . . 3,210 2,610 Gross profit . . . . . . . . . . . . . 3,670 680 1,050 1,800 Operating expenses . . . . . . .
Income before taxes . . . . . . 2,740 215 105 Net income . . . . . . . . . . . . . $1,485 $ 145 $ 58