Using the information provided, complete the analysis of the financial statements as directed on the Analysis Sheet

Analysis Sheet

The James Island Clothing Company Income Statement For the Six Months Ended December 31, 2018 Vert. Sales Revenue Less: COGS Gross Profit Analysis 15000 100.0% 3600 24.0% 11400 76.0% Operating Expenses Rent Expense Advertising Expense Depreciation Expense Net Income Number of Shares EPS (2600/10000) 13.3% 5.3% 40.0% 17.3% 2000 800 6000 8800 2600 10000 0.26 Statement of Retained Earnings Opening Add: Net Income 0 2600 2600 1000 1600 Less: Dividends Closing The James Island Clothing Company Income Statement For the Six Months Ended December 31, 2018 Vert. Sales Revenue Less: COGS Gross Profit Analysis 15000 100.0% 3600 24.0% 11400 76.0% Operating Expenses Rent Expense Advertising Expense Depreciation Expense Net Income Number of Shares EPS (2600/10000) 13.3% 5.3% 40.0% 17.3% 2000 800 6000 8800 2600 10000 0.26 Statement of Retained Earnings Opening Add: Net Income 0 2600 2600 1000 1600 Less: Dividends Closing