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Use the following information to analyze BCD Equipment. Calculate any profit measures deemed necessary in order to discuss the profitability of the company in 2018
Use the following information to analyze BCD Equipment. Calculate any profit measures deemed necessary in order to discuss the profitability of the company in 2018 and 2017.
BCD Equipment Income Statement
| USD | 2018 | 2017 |
| Net sales | 125.000 | 140.000 |
| COGS | 90.000 | 95.000 |
| Gross profit | 35.000 | 45.000 |
| General and administrative expenses | 31.000 | 36.000 |
| Operating profit | 4.000 | 9.000 |
| Interest expense | 1.000 | 1.000 |
| Earnings before taxes | 3.000 | 8.000 |
| Income taxes | 900 | 2.400 |
| Net income | 2.100 | 5.600 |
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The Routledge Handbook Of FinTech
Authors: K. Thomas Liaw
1st Edition
0367263599, 978-0367263591
