please explain the result of income statement that provided in image below Historical ResultsForecast PeriodIncome Statement2016201720182019202020212022202320242025Net Sales177,082182,850181,823192,342181,520184,159 184,748 185,671 183,779 184,308Other operating revenuesTotal revenuesCost of Goods SoldGross profit6364065192,1291,4272,095183,6151,1491,2511,5911,507177,718183,256182,342194,471185,307185,999187,098 185,369 185,81598,05699,74898,404106,964100,804101,354 101,553 102,217 101,519 101,67579,66283,50883,93887,50782,81183,95484,44584,88283,85084,140Expenses & Other IncomeAdministrative expensesSelling expenses7,4237,6937,9998,4277,8917,8877,9798,0378,0447,96848,03950,35149,92552,11048,55349,79650,14750,10650,14249,749Other income1,2811,5425691,8901,4941,3551,3701,3361,4891,409Other expenses5,09332,8992,4504,3806,9041,2305,1059,98510,9646,5777,4028,007Interest expense7,4718,7777,5687,8947,8627,8097,6837,5827,742Interest income7157911,0041,0479571,0061,0491,0581,023ForEx loss, net1,7927882773304 -32127 -190173 -142Loss (gain) on monetary pos. for sub2,4171,590212221376963672489544609Market value gain on FI51246314288212103134 -210190170Total Expenses65,35494,76366,74869,09866,73472,67974,01269,93070,44270,736Income before tax & share of profit14,308 -11,25517,19018,40916,07711,27510,43314,95113,40913,404Income taxes3,9284,1845,2605,6485,4283,6013,4254,7794,3224,362Share of profit to assoc and joint vent.Net income after tax from disc opsConsolidated net income1476022613128186 -133 -1711601663,36610,527 -15,37915,07012,63010,3687,5886,87510,0018,9268,876

Income statement is the statement which shows the net profit or net loss earned during the year. All…

Answered: please explain the result of income…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 87PSB

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Solvency and Profitability Trend Analysis Addai Company has provided the following comparative information: 20Y8 20Y7 20Y6 20Y5 20Y4 Net income $1,078,700 $929,900 $781,400 $667,900 $566,000 Interest expense 366,800 334,800 289,100 220,400 175,500 Income tax expense 345,184 260,372 218,792 173,654 135,840 Total assets (ending balance) 8,226,651 8,779,231 6,276,721 6,620,869 5,020,826 Total stockholders' equity (ending balance) 2,543,681 3,148,667 2,003,133 2,553,135 1,531,881 Average total assets 8,502,941 7,527,976 6,448,795 5,517,391 4,722,930 Average stockholders' equity 2,846,174 2,575,900 2,278,134 2,042,508 1,808,307 You have been asked to evaluate the historical performance of the company over the last five years. Selected industry ratios have remained relatively steady at the following levels for the last five years:…
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