Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Write a one-paragraph analysis of E. Corporations profit performance for the period. What recommendations can be made for future growth and profits? responsnot only limited
Write a one-paragraph analysis of E. Corporations profit performance for the period. What recommendations can be made for future growth and profits? responsnot only limited to Income Statements.
E. Corporation Income Statements for Years ending December 31, 2016, 2015 and 2014 | |||||
(in Thousands) | 2016 | 2015 | 2014 | ||
Sales | $ 700 | $ 650 | $ 550 | ||
COGS | $ 350 | $ 325 | $ 275 | ||
Gross Profit | $ 350 | $ 325 | $ 275 | ||
Operating Expenses: | |||||
Administrative | $ 100 | $ 100 | $ 100 | ||
Marketing | $ 50 | $ 75 | $ 75 | ||
Operating Profit | $ 200 | $ 150 | $ 100 | ||
Interest Expense | $ 70 | $ 50 | $ 30 | ||
Earnings Before Tax | $ 130 | $ 100 | $ 70 | ||
Tax Expense (50%) | $ 65 | $ 50 | $ 35 | ||
Net Income | $ 65 | $ 50 | $ 35 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started