a. Complete the increase (decrease) in dollars and percent. b. Comment ontrends. Rapid Retail Comparative Statements of

a. Complete the increase (decrease) in dollars and percent.
b. Comment ontrends.

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Rapid Retail Comparative Statements of Income December 31 Increase (Decrease) 2010 2009 Dollars Percent (In thousands of dollars) Net sales Cost of goods sold Gross profit Selling, general and $30,000 20,000 10,000 $28,000 19,500 8,500 administrative expense Operating income Interest expense Income before taxes Income tax expense Net income 3,000 7,000 100 6,900 2,000 $ 4,900 2,900 5,600 80 5,520 1,600 S 3,920