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Part $1$

Reviewing basic financial statements$$The income statement for the year ended December$31,2015,$ the balance sheets for December$31,2015$ and$2014,$ and the statement of retained earnings for the year ended December$31,2015,$ for$$ Technica, Inc., are given here LOADING.... Briefly discuss the form and informational content of each of these statements.

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Part $1$

After reviewing the income statement we can say the$$ following:

In this$$ one$-$year summary of the$$ firm's operations,$$ Technica, Inc. showed a net profit for $2015$ and the ability to pay cash dividends to its stockholders.$$

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Part $2$

$$Technica$,$ Inc.$\text{'}$s gross profits margin for the year was about $33\%.$

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Part $3$

After reviewing the balance sheet we can say the$$ following:

$$Technica$,$ Inc. has an excess of current assets over current$$ liabilities, demonstrating liquidity.$$

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Part $4$

The$$ firm's fixed assets represent over$$ one$-$half of total assets in $2015($$ $270$ comma $700$ of $ $409$ comma $000).$

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Part $5$

The firm is financed by$$ short$-$term debt,$$ long$-$term debt, common$$ stock, and retained earnings.$$

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Part $6$

It appears that the firm repurchased $500$ shares of common stock in $2015.$

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$.($Select from the$$ drop$-$down menu.$)$ Technica, Inc. Income Statement for the Year Ended

December $31,2015$

Sales revenue $$599,700$

Less: Cost of goods sold $459,700$

Gross profits $$140,000$

Less: Operating expenses

General and administrative expenses $$29,600$

Depreciation expense $29,600$

Total operating expense $59,200$

Operating profits $$80,800$

Less: Interest expense $9,900$

Net profits before taxes $$70,900$

Less: Taxes $26,800$

Earnings available for common stockholders $$44,100$

Earnings per share $($EPS$)$ $$2\mathrm{.}26$