2015 2016

Sales 3,432,000 5,834,400

COGS 2,864,000 4,980,000

Other expenses 340,000 720,000

Analyze the income statement and explain what we can learn about the company from reading the income statement.

Deprec. 18,900 116,960

total op. costs 3,222,900 5,816,960

EBIT 209,100. 17,440

Int. expense 62,500 176,000

pre tax earnings. 146,600. (158,560)

taxes (40%) 58,640 (63,424)

Net Income. 87,960 (95,136)