7. Income Statement Analysis (20 points) a. What is the net profits of August 2019 & 2020? In dollars and percentage b. What expenses are variable? What expenses are fixed? c. If you invested $100,000 cash, what was your ROI for the month of August 2020? Annually? d. Did productivity increase or decrease in August 2020? Why? August 2019 August 2020 Net Sales $70,000 Net Sales $80,000 Expenses COGS Salary Rent & Taxes Utilities Marketing Insurance Supplies Note (21,000) 17,500 7,000 2,200 7.000 2.300 3,000 5.000 (23,000) (17,500) (7.000) (2.200) (8,000) (3.000) (4.000) (5,000)