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1. Prepare common-size income statements for 2018 and 2019 for Iron Hill Brewery using the figures below. Provide an analysis of the company's performance. (10pts)

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1. Prepare common-size income statements for 2018 and 2019 for Iron Hill Brewery using the figures below. Provide an analysis of the company's performance. (10pts) Iron Hill Brewery Income Statement, 2018, 2019 ($ in 000) Revenues Cost of Sales Depreciation Earnings Before Interest & Taxes (EBIT) Interest Expense Earnings Before Taxes Tax Expense (21%) Net Profit 2018 $8,106 5,560 1,100 1,446 502 944 198 $746 2019 $8,916 5,948 1,100 1,868 507 1,361 286 $1,075

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