Perform a comparative analysis of Eastman Corporation by completing the analysis below. Describe and comment on any significant findings in your comparative analysis.
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EASTMAN CORPORATION
Income Statement ($ millions)
For Years Ended December 31
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|
Year 6
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Year 5
|
Year 4
|
Cumulative Amount
|
Average
Annual Amount
|
|
Net sales
|
$
|
$3,490
|
$2,860
|
$
|
$
|
|
Cost of goods sold
|
3,210
|
------
|
1,050
|
----
|
2,610
|
|
Gross profit.
|
$3,670
|
680
|
------
|
-----
|
1,800
|
|
Operating expenses
|
-------
|
------
|
-----
|
-----
|
------
|
|
Income before taxes
|
2,740
|
$215
|
$105
|
-----
|
------
|
|
Net income
|
1,485
|
$145
|
$58
|
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|
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