ABC Company reports the following comparative income statement:

2017

Revenue $100,000

COGS 42,000

Gross Profit 58,000

SGA Expenses 25,000

Income before tax 33,000

Income tax expense. 11,000

Net Income 22,000

2016

Revenue $70,000

COGS 25,000

Gross Profit 45,000

SGA Expenses 28,000

Income before tax 17,000

Income tax expense. 6,000

Net Income 11,000

Prepare a vertical and horizontal analysis for ABC Company and then calculate the profit margin for ABC Company