Prepare a graph of sales and net income for the years 2013 - 2016. For the purposes
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Question:
Prepare a graph of sales and net income for the years 2013 - 2016. For the purposes of this exercise, assume the following historical sales and net income figures for Joe's Fly-By-Night Oil:
Year | Sales | Net Income |
2013 | $8,200 | $1,500 |
2014 | $8,000 | $1,400 |
2015 | $9,000 | $1,600 |
2016 | $10,000 | $1,800 |
Comment on the results displayed on the graph.
Prepare a pie chart of Joe?s Fly-By-Night Oil?s expense distribution for December 31, 2016 and comment on the results displayed.
Be sure to comment on each of the four graphs. The numbers mean little without your explanatory comments.
Sales | 10,000 | Assets | |
COGS | 4000 | Cash | 5000 |
Gross Profit | 6000 | Accounts Receivable | 3000 |
S,G & A expenses | 3000 | Inventory | 17000 |
EBIT | 3000 | Current Assets | 25,000 |
Interest | 200 | Equipment (gross) | 27000 |
Before-tax earnings | 2800 | Less Accum Depreciation | 12,000 |
Taxes | 1000 | Equipment (net) | 15,000 |
Net income | 1800 | Total assets | 40,000 |
LIABILITY AND EQUITY | |||
EPS | 1.80 | Accounts payable | 17,000 |
Dividends | $600 | Current liabilities | 17,000 |
In addition to retained earnings | $1200 | Long-term debt | 3,000 |
Total liabilities | 20,000 | ||
Common stock (1,000 shares) | 7,000 | ||
Retained earnings | 13, 000 | ||
Total equity | 20,000 | ||
Total Liabilities & Equity | 40,000 |
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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