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Consider the following condensed financials for Crean and Crimson Foods: INCOME STATEMENT Sales Cost of Goods Sold Gross Margin Depreciation Administrative Costs EBIT Interest Pre-tax

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Consider the following condensed financials for Crean and Crimson Foods: INCOME STATEMENT Sales Cost of Goods Sold Gross Margin Depreciation Administrative Costs EBIT Interest Pre-tax income Taxes Net Income Dividends Addition to Retained Earnings 2013 $106,700.00 $64,020.00 $42,680.00 $19,200.00 $10,800.00 $12,680.00 $4,000.00 $8,680.00 $3,472.00 $5,208.00 $0.00 $5,208.00

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