Question 9 Use the following information to analyze Bobkat Equipment Sales. Calculate any profit measures deemed necessa

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Question 9 Use The Following Information To Analyze Bobkat Equipment Sales Calculate Any Profit Measures Deemed Necessa 1 (91.75 KiB) Viewed 38 times

Question 9 Use the following information to analyze Bobkat Equipment Sales. Calculate any profit measures deemed necessary in order to discuss the profitability of the company. BobKat Equipment Sales Income Statement For the Years Ended Dec. 31, 2015 and 2014 2015 2014 Net sales $124,000 $138,000 COGS 90,000 95,000 Gross profit $ 34,000 $ 43,000 General and administrative expenses 31,000 36,000 Operating profit $ 3,000 $ 7,000 Interest expense (1,000). _(1,000) Earnings before taxes $ 2,000 $ 6,000 Income taxes 800 1,800 Net income $ 1,200 $ 4,200