Question: please answer the question as well ( what questions would the results of these ratios make you want to aak the CFO)? Using these financial
Using these financial statements calculate 2-3 ratios for both years. What questions would the results of these ratios make you want to ask the CFO2 CABRERA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 $2,972,413 1,982,541 989,872 Net sales Cost of goods sold Gross profit Selling expenses (see Note D) Administrative expenses Income from operations Other revenues and gains $453,028 350,771 803,799 186,073 171,410 357,483 126,060 231,423 66,934 $164,489 Other expenses and losses Income before income tax Income tax Net income for the year Earnings per common share $1.74 Using these financial statements calculate 2-3 ratios for both years. What questions would the results of these ratios make you want to ask the CFO2 CABRERA COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 $2,972,413 1,982,541 989,872 Net sales Cost of goods sold Gross profit Selling expenses (see Note D) Administrative expenses Income from operations Other revenues and gains $453,028 350,771 803,799 186,073 171,410 357,483 126,060 231,423 66,934 $164,489 Other expenses and losses Income before income tax Income tax Net income for the year Earnings per common share $1.74
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