Perform a comparative analysis of Eastman Corporation by completing the analysis below. Describe and comment on any significant findings in your comparative analysis. PROBLEM 1-3 Sntemen Anaberir EASTMAN C ORPORATION Income Statement (S millions) For Years Ended Dece mber 3I Average Annual Amount Cumulative Year S Year 5 Year 4 Amout $2,860 Net sales Cost of goods sold $3,490 3,210 2,610 Gross profit 3,670 680 1,050 1.800 Operating expenses Income before taxes 2.740 215 105 Net inc ome.. $1.485 $ 145 58 CHECK Average net income. $563

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Perform
comparative analysis of Eastman
Corporation by completing the analysis below.
PROBLEM 1-3
Describe and comm ent on any significant findings in y our co mparative analysis.
Comparative Income
Statemenrt Analysis
EAST MAN COR PORATION
Income State ment ($ millions)
For Years Ended December 31
Average
Cumulative
Annual
Year 6
Year 5
Year 4
Amount
Amount
Net sales
21
3,210
%24
2,610
$3,490
$2,860
%24
Cost of goods sold
Gross profit. -
3,670
680
1,050
1,800
Operating expenses
Income before taxes
2,740
215
105
Net inc ome
$1,485
145
58
CHECK
Average net income. $563
Transcribed Image Text:Perform comparative analysis of Eastman Corporation by completing the analysis below. PROBLEM 1-3 Describe and comm ent on any significant findings in y our co mparative analysis. Comparative Income Statemenrt Analysis EAST MAN COR PORATION Income State ment ($ millions) For Years Ended December 31 Average Cumulative Annual Year 6 Year 5 Year 4 Amount Amount Net sales 21 3,210 %24 2,610 $3,490 $2,860 %24 Cost of goods sold Gross profit. - 3,670 680 1,050 1,800 Operating expenses Income before taxes 2,740 215 105 Net inc ome $1,485 145 58 CHECK Average net income. $563
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