Biscuits, Inc. has not grown it’s workforce but a social med…

Questions

Biscuits, Inc. hаs nоt grоwn it's wоrkforce but а sociаl media campaign appears to have made the company very successful. It continues to sell the main product of doggie treats in 1lb bags to consumers, growing from a local to an international market. The main manufacturing facility has stayed constant in its location and output during the four-year period. It will approach outside investors for money to take the business to the next level. Is there anything concerning with their financial performance? If yes, support your answer with calculations and descriptions of potential schemes behind any red flags you identify. If no, then support your answer with calculations and descriptions of why the statements look to be in good order. Sample financial information by year Financial Statement Element Year 1 Year 2 Year 3 Year 4 Revenue $500,000 $600,000 $650,000 $700,000 Cost of Goods Sold $300,000 $350,000 $360,000 $365,000 Gross Profit $200,000 $250,000 $290,000 $335,000 Operating Expenses $100,000 $120,000 $140,000 $145,000 Net Income $100,000 $130,000 $150,000 $190,000