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Perform a comparative analysis of Eastman Corporation by completing the analysis below. Describe and comment on any significant findings in your comparative analysis.
EASTMAN CORPORATION
Income Statement ($ millions)
For Years Ended December 31
Year 6
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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