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a) Express the income statement information in common size percents for both 2018 and 201 pts) - Show calculations. b) Assess whether this company's situation

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a) Express the income statement information in common size percents for both 2018 and 201 pts) - Show calculations. b) Assess whether this company's situation is favourable or unfavourable. (15 pts, 75 words) Sales Cost of goods sold Gross profit Operating expenses Interest expense Net income 2019 2018 211,771 240,000 122,649 158,400 89,122 81,600 43,246 50,400 5.750 2.820 40.126 28,380

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