Eskimo Pie Case SOLUTION
Question attached Year Ended December 31, 19891990 Exhibit 1 Historical Financial Information $ 2,422 $ 2,526 Year Ended December 31, 1,0061,352 1987198819891990 175118 250(58) Income Statement Data (in thousands): (154)(156) Net salesa $ 30,769 $ 36,695 $ 46,709 $ 47,198 1,212(734) Cost of goods sold21,65025,63531,95731,780 Gross profita 9,11911,06014,75215,418 (524)(51) Advertising and sales promotions4,7424,2415,0305,130 2,054(621) General and administrative6,0685,4036,3947,063 Operating income (loss)(1,691)1,4163,3283,225 1433,006 Interest income3085508011,004 6,5955,382 Interest expense(88)(107)(88)(67) Other income (expense)-netb 1,738(77)(108)(20) Income taxes967291,5111,616 (2,358)(1,311) Net income $ 171 $ 1,053 $ 2,422 $ 2,526