Financial Statements for Exam (BUS - 2102) Income Statement (All numbers in thousands) Revenue 12/31/2015 12/31/2014 12/31/2013 Total Revenue 27,441,300 28,105,700 25,413,000 15,623,800 Cost of Revenue/COGS 16,985,600 17,203,000 Gross Profit (GP/GM) 9,789,200 10,455,700 10,902,700 Operating Expenses 2,643,700 2,506,500 2,138,400 Selling and Administrative Total Operating Expenses Operating Income or Loss 2,643,700 2,506,500 2,138,400 7,145,500 7,949,200 8,764,300 Income from Continuing Operations 6,555,700 7,372,000 8,204,500 Earnings Before Interest and Taxes Interest Expense Income Before Tax Income Tax Expense Minority Interest Net Income From Continuing Ops 6,555,700 2,026,400 7,372,000 2,614,200 8,204,500 2,618,600 4,529,300 4,757,800 5,585,900 Non-recurring Events Net Income 4,529,300 4,757,800 5,585,900 *Competitor 5,529,800 5,353,000 4,200,000 *Industry 5,529,800 5,303,000 5,100,000 26. Based on the Income Statement (2015 - Net Income), you can conclude that the firm is doing better than what it did in 2013. A. True B. False 27. Based on the Income Statement (All three years), would you invest in this firm? A. Yes B. No