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Use the following information to analyze the ABC Company. Analyze sales for 2015, 2016, and 2017.
1. Use the following information to analyze the ABC Company.
a. Analyze sales for 2015, 2016, and 2017.
b. Calculate any profit measures deemed necessary and discuss the profitability of the company.
ABC CompanyIncome Statements
For the Years Ended Dec. 31, 2017, 2016 and 2015
2017 2016 2015
Net sales $174 $167 $160
COGS (114) (115) (120)
Gross profit $ 60 $ 52 $40
General and administrative expenses (54) (46) (34)
Operating profit $ 6 $ 6 $ 6
Interest expense (1) (1) (1)
Gain from sales of assets - 10 -
Income taxes (2) (6) (2)
Net income $ 3 $ 9 $3
