Analyze the firm's financial statements from the past 3 years? Is the firm currently profitable? Is the division profitable? What debts and obligations is the firm under? Is the analysis important to the firm's financial position now? How does this relate to Management?

Boca Cabinetry Statement of Operations Year ended December 31, 2018 2016 2017 2018 108,580 27,145 135,725 119,347 29,837 149,184 116,470 29,118 145,588 Net Sales and Revenue Knobs and Pulls division Hinges division Total net sales from scientific equipment Costs and Expenses Knobs and Pulls division Hinges division Research division Total costs and expenses Operating Income Interest Expense Interest income Equity income Income before taxes Income tax expense (benefit) Income from continuing operations Income (loss) from discontinued operations Net Income from noncontrolling interest Net Income (loss) 112,995 5,304 11,888 130,187 5.538 423 614 2,642 8.371 (1.219) 9,590 25 72 9,687 115,499 8,369 15,354 139,222 9,962 563 327 2.282 12.008 2,739 9,269 (1) 159 9,427 110,869 11,128 13,575 135,572 10,016 575 290 2,132 11.863 11.533 330 (4,212) (3,864) Boca Cabinetry Balance Sheet Date: December 31, 2018 2017 2018 15,512 8,313 8,164 20,521 10,663 1,106 4,465 Assets Cash and cash equivalents Marketable securities Accounts receivable, net Receivables, net Inventories Equipment on short-term operating leases Other current assets Current assets held for sale Total current assets Receivables, net Long-term investments PPE, net Goodwill and intangibles Equipment on long-term leases Deferred tax assets Other assets Non-current assets held for sale Total assets 12,574 11,841 8,700 16,127 11,040 1,110 3,633 11.178 76,203 17,001 8,996 32,603 6,149 34,342 33,172 3,849 9,375 221,690 68,744 21,208 9,073 36,253 5,849 42,882 23,544 4,929 212,482 23,333 23,929 1,060 22,737 25,893 12,158 85,181 2,515 24,450 25,996 76,890 Liabilities Accounts Payable Short-term debt Knobs and Pulls division Hinges division Accrued liabilites Current liabilities Total current liabilities Long-term debt Knobs and Pulls division Hinges division Post-retirement benefits Pensions Other liabilities Non-current liabilities held for sale Total liabilities 9,500 41,826 5,803 15,264 12,415 7,626 177,615 10,987 56,267 5,998 13,746 12,394 176,282 Stockholders' Equity Common Stock Additional paid-in capital Retained Earnings Income (loss) Plus noncontrolling interest Total Stockholders' Equity Total liabilities and stockholders' equity 15 8,226 26,168 9,427 239 44,075 221,690 21,224 17,627 (3,864) 1,199 36,200 212,482 Boca Cabinetry Statement of Operations Year ended December 31, 2018 2016 2017 2018 108,580 27,145 135,725 119,347 29,837 149,184 116,470 29,118 145,588 Net Sales and Revenue Knobs and Pulls division Hinges division Total net sales from scientific equipment Costs and Expenses Knobs and Pulls division Hinges division Research division Total costs and expenses Operating Income Interest Expense Interest income Equity income Income before taxes Income tax expense (benefit) Income from continuing operations Income (loss) from discontinued operations Net Income from noncontrolling interest Net Income (loss) 112,995 5,304 11,888 130,187 5.538 423 614 2,642 8.371 (1.219) 9,590 25 72 9,687 115,499 8,369 15,354 139,222 9,962 563 327 2.282 12.008 2,739 9,269 (1) 159 9,427 110,869 11,128 13,575 135,572 10,016 575 290 2,132 11.863 11.533 330 (4,212) (3,864) Boca Cabinetry Balance Sheet Date: December 31, 2018 2017 2018 15,512 8,313 8,164 20,521 10,663 1,106 4,465 Assets Cash and cash equivalents Marketable securities Accounts receivable, net Receivables, net Inventories Equipment on short-term operating leases Other current assets Current assets held for sale Total current assets Receivables, net Long-term investments PPE, net Goodwill and intangibles Equipment on long-term leases Deferred tax assets Other assets Non-current assets held for sale Total assets 12,574 11,841 8,700 16,127 11,040 1,110 3,633 11.178 76,203 17,001 8,996 32,603 6,149 34,342 33,172 3,849 9,375 221,690 68,744 21,208 9,073 36,253 5,849 42,882 23,544 4,929 212,482 23,333 23,929 1,060 22,737 25,893 12,158 85,181 2,515 24,450 25,996 76,890 Liabilities Accounts Payable Short-term debt Knobs and Pulls division Hinges division Accrued liabilites Current liabilities Total current liabilities Long-term debt Knobs and Pulls division Hinges division Post-retirement benefits Pensions Other liabilities Non-current liabilities held for sale Total liabilities 9,500 41,826 5,803 15,264 12,415 7,626 177,615 10,987 56,267 5,998 13,746 12,394 176,282 Stockholders' Equity Common Stock Additional paid-in capital Retained Earnings Income (loss) Plus noncontrolling interest Total Stockholders' Equity Total liabilities and stockholders' equity 15 8,226 26,168 9,427 239 44,075 221,690 21,224 17,627 (3,864) 1,199 36,200 212,482