Lucas Industries Income Statements In millions (PART 2 - FINANCIALS)

2016 2017 2018

REQUIREMENTS: Complete a DuPont analysis for each of the three years. Discuss the firms performance with respect to profitability, asset management, and debt management over the three-year period.

Net Sales $1,347.0 $1,448.0 $1,546.5 Cost of Goods Sold 956.4 1,010.7 1,076.4 Gross profit 390.6 437.3 470.1 SG&A 323.3 350.4 368.1 Depreciation 29.6 31.9 34.0 EBIT 37.7 55.0 68.0 Interest Expense 14.0 12.0 10.0 Earnings before taxes 23.7 43.0 58.0 Taxes (40%) 9.5 17.2 23.2 Net income $14.2 $25.8 $34.8