ACCT - Joe’s Fly-By-Night Oil

Prepare a graph of sales and net income for the years 2008 – 2011. 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

2008 $8,200 $1,500
2009 $8,000 $1,400
2010 $9,000 $1,600
2011 $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 2011 and comment on the results displayed.

• Prepare a pie chart of Joe’s Fly-By-Night Oil’s asset distribution for Dec 31, 2011 and comment on the results displayed.

• Prepare a pie chart of Joe’s Fly-By-Night Oil’s capital structure for Dec 31, 2011 and comment on the results displayed.

Note: Be sure to comment on each of the four graphs. The numbers mean little without your explanatory comments.