xC Chegg Study Guided So x C Jeffersonian t-content-rid-66547430-1/courses/ACG2071-2185-1044/Case%20Studies/Financial%20Anaylsis%20Case.pdf ACG2071-2185 Minicase Financial Analysis Problem Jeffersonian Corporation has been in business for over 50 years. The company is looking to expand operations into the Pacific Rim and would like an analysis of its financial statements to be prepared. Review the financial statements below: Jeffersonian Corporation Comparative Income Statement For years ended December 31, 2014 and 2015 2015 2,486,000.00 1,523,000.00 963,000.00 2014 2,075,000.00 1,222,000.00 Cost of goods sold Gross Profit 853,000.00 Operating Expenses Salaries Expense Contract Labor Expense Insurance Expense Supplies expense Depreciation Expense Miscellaneous e Marketing and Promotion expense Total operating expenses Operating Income Interest expense Income before taxes income taxes Net income 145,000.00 240,000.00 165,000.00 100,000.00 26,000.00 85,000.00 17,000.00 778,000.00 185,000.00 44,000.00 141,000.00 47,000.00 94,000.00 100,000.00 280,000.00 200,000.00 45,000.00 35,000.00 75,000.00 750,000.00 103,000.00 46,000.00 57,000.00 19,000.00 38,000.00 Page 1 of 3