Homework Assignment for Week 3:

For Week 3, please complete the following for Joe’s Fly-By-Night Oil Company, whose latest income statement and balance sheet are shown below:

• Prepare a graph of sales and net income for the years 2009 – 2012. For the purposes of this exercise, assume the following historical sales and net income figures for Joe’s Fly-By-Night Oil:

Year       Sales             Net Income

2009    $8,200           $1,500

2010    $8,000           $1,400

2011    $9,000           $1,600

2012    $10,000           $1,800

Comment on the results displayed on the graph.

  • Prepare a pie chart of Joe’s Fly-By-Night Oil’s expense distribution for 2012 and comment on the results displayed.
  • Prepare a pie chart of Joe’s Fly-By-Night Oil’s asset distribution for Dec 31, 2012 and comment on the results displayed.
  • Prepare a pie chart of Joe’s Fly-By-Night Oil’s capital structure for Dec 31, 2012 and comment on the results displayed.
BUSN 5200 Week 3 Homework Assignment Joe’s Fly-By-Night Oil Company Answer