3/14/2020 Unit 7 - Spring 2020 - GLB/Fin Stmt Analys a. Sales growth percentage from 2014 to 2015. b. Sales growth percentage from 2015 to 2016. C. Cost of goods sold percentage for 2014. d. Cost of goods sold percentage for 2015. e. Cost of goods sold percentage for 2016. f. Gross profit margin percentage for 2014. 46 CHAPTER 3 Income Statement and Statem Income Statement and Statement of Stockholders Equity 2014 Moon Company Income Statements for the Years Ended December 31, 2016, 2015 and 2014 Net sales Cost of goods sold Gross profit Operating expenses Operating profit Income taxes Net income 2016 2015 $220,000 $196,000 169,000 147,000 $ 51,000 $ 49,000 26,000 25,000 $ 25,000 $ 24,000 7,800 7,500 $ 17,200 $ 16,500 $150,000 108,000 $ 42,000 20,000 $ 22,000 7,000 $ 15,000 Panim. multina-step income statement for Jackrabbit Inc, from the following single