Best Buy Financial Analysis

Decent Essays
Best Buy is a company that has changed majorly with the revolution of the online world. Most standard stores have switched to marketing online shopping as a bigger part of their market than previously. This has drastically changed how the finance function. The past three years of financial data for Best buy show a trend on how the online market has changed its business structure. In 2014, 2015, and 2016 respectively the total revenue has been $40,611,000, $40,339,000, and $39,529,000. The cost of revenue in the same order is as followed: $31,212,000, $31,292,000, and $30,337,000. Lastly the net income for each of the years following the same pattern are: $532,000, $1,233,000, and $897,000. During these three years a pattern can be seen that

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