USING THE CHART LISTED BELOW:

PREPARE A GRAPH of sales and net income for the years 2013 2016. For the purposes of this exercise, assume the following historical sales and net income figures for Joes Fly-By-Night Oil:

Year Sales Net Income

2013 $8,200 $1,500

2014 $8,000 $1,400

2015 $9,000 $1,600

2016 $10,000 $1,800

Comment on the results displayed on the graph.

Prepare a pie chart of Joes Fly-By-Night Oils expense distribution for 2016 and comment on the results displayed.

Prepare a pie chart of Joes Fly-By-Night Oils asset distribution for Dec 31, 2016 and comment on the results displayed.

Prepare a pie chart of Joes Fly-By-Night Oils capital structure for Dec 31, 2016 and comment on the results displayed.

Note: Be sure to comment on each of the four graphs. The numbers mean little

without your explanatory comments.

Sales	10,000	Assets
COGS	4000	Cash	5000
Gross Profit	6000	Accounts Receivable	3000
S,G & A expenses	3000	Inventory	17000
EBIT	3000	Current Assets	25,000
Interest	200	Equipment (gross)	27000
Before-tax earnings	2800	Less Accum Depreciation	12,000
Taxes	1000	Equipment (net)	15,000
Net income	1800	Total assets	40,000
		LIABILITY AND EQUITY
EPS	1.80	Accounts payable	17,000
Dividends	$600	Current liabilities	17,000
Addidtion to retatined earnings	$1200	Long-term debt	3,000
		Total liabilities	20,000
		Common stock (1,000 shares)	7,000
		Retained earnings	13,000
		Total equity	20,000
		Total liabilities & Equity	40,000