Ex #4 All numbers in thousands apter 1 & 2 & 3 Practice Exam OLDWATER DAIRY income Statement Period Ending Total Revenue Cost of Revenue 3-Feb-13 1,370,358 607,532 29-Jan-12 1,000,839 431,488 30-Jan-11 711,704 316,757 Gross Profit 762,826 569,351 394,947 Operating Expenses Research Development Selling General and Administrative Non Recurring Others 386,387 282,393 214,556 Total Operating Expenses Operating Income or Loss 376,439 286,958 180,391 4,957 381,396 2,500 289,458 2,886 183,277 Income from Continuing Operations Total Other Income/Expenses Net Earnings Before Interest And Taxes Interest Expense Income Before Tax Income Tax Expense Minority Interest 381,396 109,965 -875 289,458 104,494 -901 183,277 61,080 -350 Net Income From Continuing Ops 270,556 184,063 121,847 Non-recurring Events Discontinued Operations Extraordinary Items Effect Of Accounting Changes Other Items 270,556 184,063 121,847 Net Income Preferred Stock And Other Adjustments 270,556 184,063 121,847 Net Income Applicable To Common Shares instructions: Discuss the trends in either Total Revenue or Net Income. Include the following: Thesis statement: What is the trend? Evidence to support your thesis: Use numerical evidence and percentages. Conclusion: One summary sentence. paquette CH 1, 2, 3 page 7