For 7-9, Use the information from the income statements below to match companies to the following statements. Choose whatever income statement most likely fits. Each will only be matched once:

7) This companys income growth was due to increasing gross margin. Remember gross margin and gross profit are not the same thing

8) This companys income growth was due to decreased overhead costs after it laid off unnecessary corporate HR staff

9) This company bought back half of its debt in the first quarter of 2016

10) This company would likely see the biggest benefit from the tax cuts and jobs act of 2017

2016 2015 3000 1500 1500 2016 3000 1650 1350 500 100 750 2600 1300 1300 400 Company B 2015 Year 2000 Revenue 1000 Cost of Goods Sold 1000 Gross Profit 400 Selling, General, & Admin 100 Depreciation 500 EBIT -300 Interest Expense 200 EBT -30 Taxes (38%) 170 Net Income 200 100 1200 80 820 -50 -300 900 - 135 765 -50 700 -266 434 770 -292.6 477.4 Company A Year Revenue Cost of Goods Sold Gross Profit Selling, General, & Admin Depreciation EBIT Interest Expense Taxes (15%) Net Income Company C Year Revenue Cost of Goods Sold Gross Profit Selling, General, & Admin Depreciation EBIT Interest Expense EBT Taxes (20%) Net Income 2015 2016 3500 1750 2016 2000 600 1400 1750 500 Company D 2015 Year 2000 Revenue 1000 Cost of Goods Sold 1000 Gross Profit 400 Selling, General, & Admin 100 Depreciation 500 EBIT -300 Interest Expense 200 EBT -40 Taxes (25%) 160 Net Income 2000 1000 1000 400 100 400 120 80 500 1130 -150 980 920 -200 720 -180 540 -200 300 -196 -75 784 225