Taking It to the Net A2

BTN 1-3 Visit the EDGAR database at SEC.gov. Access the Form 10-K report of Rocky Mountain Chocolate Factory (ticker: RMCF) filed on May 23, 2016, covering its 2016 fiscal year.

Required

Item 6 of the 10-K report provides comparative financial highlights of RMCF for the years 20122016. How would you describe the revenue trend for RMCF over this five-year period?

Has RMCF been profitable (see net income) over this five-year period? Support your answer.

Answer question fully for a rating. Thanks.