Cool Lope, Inc. - Tropical Smoothies and Shaved Ice
Cool Lope, Inc.
Consolidated Statements of Earnings
For the Years Ended December 31, 20X3, 20X2, 20X1
	20X3	20X2	20X1
Net sales	$21,560	$16,400	$15,180
Cost of goods sold	$12,946	$10,297	$9,670
?Gross profit	$8,614	$6,103	$5,510
Selling and administrative expenses	$4,572	$3,349	$3,276
Advertising	$1,425	$1,079	$954
Depreciation and amortization	$250	$250	$250
?Operating profit	$2,218	$1,377	$1,030
Other income (expense)
Interest expense	($130)	($130)	($130)
?Earnings before income taxes	$2,348	$1,507	$1,160
?Provision for income taxes	$517	$332	$255
??Net earnings	$1,831	$1,175	$905

Now: Examine the annual report for the company you have selected for your "Financial Statement Analysis Report," and answer the following questions for the most recent year provided in the financial statements. 1. What is the total revenue? Gross profit? 2. What was total expenses? 3. What was the largest expense for your company? Why do you think that is? 4. Do they pay interest? If yes, what is the total for interest expense? 5. What is the amount of depreciation? What method did they use to calculate depreciation? 2