Schedule One
Brady Corporation
Income Statements (000's/$)							Common-size		Common-base year
										Trend				Trend
			2014	2015	2016		2014	2015	2016		2014	2015	2016
			$	$	$
Revenue			18,675	28,675	48,845
Cost of Goods Sold			15,932	24,393	42,007
Gross Profit			2,743	4,282	6,838
Operating Expenses
Selling			1,251	1,851	2,734
how General & Administrative			1,090	1,590	2,192
Total Operating Expenses			2,341	3,441	4,926
Operating Profit			402	841	1,912
Interest Expense			210	510	1,059
Earnings Before Taxes			192	331	853
Taxes			67	116	299
Earnings After Taxes			125	215	554
3 Step DuPont ROE Analysis