Basically compare 2016 to 15,14,13. And then take this into consideration?

Analyze the 2016 financial statements and the relationships among the values. Think about the accounts that relate to one another and have an effect on one another. Analyze: What were the big changes? What caused them? Should there be concern? How were complementry rations impacted. Provide Recommendations for improvements.

Just need suggestions on things you would notice while reading this Income statement.

MEMO

TECHNO GYM Income Statement For the Years Ended December 31 All amounts are in $Thousands (except per-share amounts) 2016 2015 $108,840 Sales Revenue 120,247 Sales Returns Cost of Goods Sold 58,178 COGS 57,850 Gross Profit 62,069 Formula $50,990 Operating Expenses 45,447 Gen/Admin Exp 46,560 $4,430 Operating Income 16,622 Formula Other Revenues 13,751 Building Revenue 17,600 Other Expenses (17,400) -27,459 Non-Operating E Income Before Taxes & Other Items 2,913 Formula $4,630 Income Tax Expense/(Benefit) 991 Formula 1,574 $3,056 1,923 Income from Continuing operations Discontinued Operating Results 108 1,620 Loss on Sale of Discontinued Oper. Tax Expense/(Benefit) from Disc. Ops. 37 Formula 551 Discontinued operations Total $1,069 71 $4,125 NET INCOME 1,994 Formula $12.82 Formula $20.37 EPS Continuing Operations $0.48 Formula $7.13 EPS Discontinued Operations $13.29 $27.50 EPS Net Income Income Tax Rate 34% 34% Shares Outstanding 150,000 150 $36,120 35,730 $390 12,450 (12,190) $650 221 $429 (250) $28,896 28,584 $312 9,960 (9,752) $520 $343 (200)