Below is an example of a typical financial analysis of the income statement. Compute your values and select the correct answer from the multiple dropdown values. Note: To compute a percent increase use the "NO" formula: (new vofue - original valiel) arginal value. For example, if the price of a IPhone 11 in 2020 is $1,000 and the price drops in 2021 to $800, the percent charse k equal to (8001,0001/1,000=208 tie. a price decreasel. Callahan Boat Builders reported sales of $3.85 million in 2020 which is a over the prior year. While this represents a healthy from 2019's sales level, operating costs totaling $3.7 million outpaced the revenue growth by increasing year-over: year. More specificallv. whille revenue grew by [dollarsaleschangel, operating costs jumped The largest contributor to the higher expenses was a increase in costs of goods sold which jumped from $2,864,000(83,48) of sales) to $3,250.000.84425 of sales) for an iump of $3.7 million outpaced the revenue growth by increasing year-over- year. More specifically, while revenue grew by [dollarsaleschange], operating costs jumped The largest contributor to the higher expenses was a increase in costs of goods sold which jumped from $2,864,000(83.4% of sales) to $3,250,000 (84,4\% of sales) for an jump of Other expenses also related to Callahan Boat Builders increased compares unfavorably to last year's category of other expenses which totaled just $340,000 and represented only 9.9% of sales. After a negligible of sales). This for a total of $430,300 ( in depreciation expense, the net effect was a 28.4% drop in eamings before interest and taxes to (3.9\% of sales) compared to 2019's EBIT of $209,100 (6.1\% of sales). Due to more than a $100,000 increase in long-term debt, interest expense climbed in 2020. The bottom line was net income of $44,220 (1.1\% of sales) Which was about half the level of 2019's net income of $87,960(2.6% of sales) despite a lower income tax obligation due to the lower eamings: $29.480 in 2020 versus $58,640 in 2019). As a result, the EPS fell in a similar fashion to in 2020 from in 2019. Below is an example of a typical financial analysis of the income statement. Compute your values and select the correct answer from the multiple dropdown values. Note: To compute a percent increase use the "NO" formula: (new vofue - original valiel) arginal value. For example, if the price of a IPhone 11 in 2020 is $1,000 and the price drops in 2021 to $800, the percent charse k equal to (8001,0001/1,000=208 tie. a price decreasel. Callahan Boat Builders reported sales of $3.85 million in 2020 which is a over the prior year. While this represents a healthy from 2019's sales level, operating costs totaling $3.7 million outpaced the revenue growth by increasing year-over: year. More specificallv. whille revenue grew by [dollarsaleschangel, operating costs jumped The largest contributor to the higher expenses was a increase in costs of goods sold which jumped from $2,864,000(83,48) of sales) to $3,250.000.84425 of sales) for an iump of $3.7 million outpaced the revenue growth by increasing year-over- year. More specifically, while revenue grew by [dollarsaleschange], operating costs jumped The largest contributor to the higher expenses was a increase in costs of goods sold which jumped from $2,864,000(83.4% of sales) to $3,250,000 (84,4\% of sales) for an jump of Other expenses also related to Callahan Boat Builders increased compares unfavorably to last year's category of other expenses which totaled just $340,000 and represented only 9.9% of sales. After a negligible of sales). This for a total of $430,300 ( in depreciation expense, the net effect was a 28.4% drop in eamings before interest and taxes to (3.9\% of sales) compared to 2019's EBIT of $209,100 (6.1\% of sales). Due to more than a $100,000 increase in long-term debt, interest expense climbed in 2020. The bottom line was net income of $44,220 (1.1\% of sales) Which was about half the level of 2019's net income of $87,960(2.6% of sales) despite a lower income tax obligation due to the lower eamings: $29.480 in 2020 versus $58,640 in 2019). As a result, the EPS fell in a similar fashion to in 2020 from in 2019