elow 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. allahan 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 ales level, operating costs totaling $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 a Other expenses also related to Callahan Boat Builders increased Or for a total of $430,300 ales). This 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 in depreciation expense, the net effect was a 8.4% drop in earnings 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 limbed wer 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. elow 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. allahan 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 ales level, operating costs totaling $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 a Other expenses also related to Callahan Boat Builders increased Or for a total of $430,300 ales). This 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 in depreciation expense, the net effect was a 8.4% drop in earnings 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 limbed wer 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