Comparative Income Statement For the Year Ended December 31, 2016 and 2015 Increase/Decrease) 2016 2015 Amount Percentage Sales 57:267.000 Cost of goods sold Groot (3,444,000) $3,823,000 501.453,200) (1,103,000) (1,239.000) 2,556,200) Selling exp Administrative expenses Total operating expenses Operating income Other expense (interest) Income before income tax expense 51,266,500 (120,600) $1,146,200 Income tax expense (179.460) 5966,740 Net income Comparative Income Statement Use the following comparative income statement form to enter amounts you identity from the computations on the liquidity and Solvency Measur part and on the Profitability Measures part compute any missing amounts and complete the horizontal analysis columns Enter percentages as de amounts, rounded to one decimal place. When rounding, look only at the figure to the right of one decimal place. If 5, mund down and if 25, up. For example, for 32.0489 enter 32.0%. For 32.058% enter 32.1% Comparative Income statement Print Item Check My Work Identify the amounts in the Liquidity and Solvency Measures panel and the Profitability Measures panel that are balance sheettoms and enter them accord Profitability Measures Match each computation to ore of the profitability measures in the table Profitability Measures Computations Asset turnover $8,260,000 165/85,000 + $5,595,000) 2] Return on total assets (5791,340 + $127,000) 136,609,000 + $55,419,000) 2] Return on stockholders' equity $791,340 1654,039,000 $3,837, 05021 Return on common stockholders' equity (791,340 - 565.000) 61551,500 $3,400,440) Earnings per share on common stock (5701340 565,000 250.000 Shares Price-earnings ratio $STROS Dividends per share $175,000*2250,000 shares Dividend Yield S0.20 $35 Check My Woo Look for Datterns in the computations and match mentoration that are related to each other identity the amounts in the computations and consider how to related to mountain other computation Note that two of the computer 1,072,000 Inventory Prepaid expenses 157,000 Total current assets 3,095,000 824,000 Long-term investments Property, plant, and equipment (net) Total assets 2,690,000 6,609,000 Liabilities Current liabilities 880,000 Long-term liabilities 1,690,000 Total liabilities 2,570,000