Compute the gross margin below and indicate whether the changes from tear to tear is favourable or unfavourable. For your analysis, assume that all other thibgs have remained constant. Apply your analysis in very general terms. All values should be accurate to at least two decimal places.

The following financial statements are for Oppong Corporation. Oppong Corporation Income Statement For Years Ended December 31, 2014, 2013, and 2012 2014 2013 2012 Sales 980,300 1,089,000 955,400 Cost of goods sold 671,100 715,700 692,700 Gross profit from sales 309,200 373,300 262,700 Operating expenses 89,400 84,600 84,200 Operating income 219,800 288,700 178,500 Interest expense 4,550 5,250 5,750 Income before taxes 215,250 283,450 172,750 Income taxes 62,400 56,200 60,900 Net income 152,850 227,250 111,850 Oppong Corporation Balance Sheet December 31, 2014, 2013, and 2012 Assets 2014 2013 Cash 33,600 38,000 Short-term investments 22,000 20,000 Accounts receivable 59,700 51,600 Merchandise inventory 18,500 17,000 Prepaid expenses 4,900 5,200 Notes receivable, due in 2017 9,500 9,500 Property, plant and equipment, net 344,000 293,000 Total assets 492,200 434,300 Liabilities and Equity Accounts payable 21,600 21,100 Salaries payable 4,600 4,900 Property taxes payable 32,950 38,550 Long-term note payable 35,000 31,000 Share capital 90,000 90,000 Retained earnings 308,050 248,750 Total liabilities and equity 492,200 434,300 2012 40,600 17,000 50,300 15,900 4,800 10,500 252,000 391,100 23,200 4,700 41,050 27,000 120,000 175,150 391,100 Compute the gross margin below, and indicate whether the change from year to year is favourable or unfavourable. F very general terms. All values should be accurate to at least two decimal places Ratio 2014 2013 Analysis Gross margin (select one)