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Use the following data to answer the next four questions: Q38 TO Q41 M & B Marine Products (MBMP) manufactures a variety of marine products
Use the following data to answer the next four questions: Q38 TO Q41 M & B Marine Products (MBMP) manufactures a variety of marine products in the Great Lakes region. Below are five years of financial data for the company. The company is a closely held business with a total of ten shareholders. The stock does not trade on any exchange Year 4 Year 5 Year 1 Year 2 Year 3 $9,000,000$9,500,000 $8,600,000 $8,800,000 $9,300,000 6300000 6100,000 6,200,000 Sales Cost of goods sold Gross Profit Operating Expense Net Income 7.300000 5600.000 3,400,000 3,200,000 2,500,000 2,600,0003,000,000 2,500,000 2,650,000 2.250,000 2,300,0002,650,000
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