Ex 14-3 Objective 2 data for the current calendar year for Tannenhill Company a and for the electronics industry are as follows. T a are expressed in dollars. The electronics industry averages are Revenue and expense Tannenhill Company Electronics Industry Average Sales Cost of goods sold Gross profit Selling expenses Administrative Total operating expenses Operating income 100.0% $4,000,000 2,120,000 $1,880,000 $1,080,000 640,000 S1,720,000 5160,000 120,000 S 280,000 80,000 S 200,000 80,000 S 120,000 60.0 40 0% 24.0% 14.0 380% 2.0% 3.0 Other income 5.0% Other expense Income before income tax income tax Net income 2.0 3,0% 2.0 1.0% expense a common-sized income statement comparing the results of operations for Tannenhill Company with the industry average. (Round to the nearest whole percentage.) A Prepare B. As far as the data pemit, comment on significant relationships revealed by the comparisons