\begin{tabular}{|lcc|} \hline & 2015 & 2016 \\ \hline Net sales & $438,000 & $575,000 \\...
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Finance
\begin{tabular}{|lcc|} \hline & 2015 & 2016 \\ \hline Net sales & $438,000 & $575,000 \\ -Cost of goods sold & 153,000285,000 & 195,000380,000 \\ Gross profit & 45,000 & 65,000 \\ -Administrative expenses & 32,000 & 39,000 \\ -Marketing expenses & 20,000 & 27,000 \\ -Research and development & 14,000 & 17,000 \\ -Depreciation & 42,000 & 47,000 \\ EBIT & 12,000 & 20,000 \\ -Interest expense & 30,000 & 27,000 \\ Income before taxes & 9,000 & 8,000 \\ -Income taxes (30\% rate) & $21,000 & $19,000 \\ Net income & & \\ \hline \end{tabular} Participation Week 3 - Complete the ratios from the MPC's financial statements for the Year 2016 only. Discussion Week 3 - Interpret your findings from Participation Week 3 homework. (Explain the ratios.) - Minimum explanation of 100 words
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