Following is a common-sized income statement for the last two years for ABC Company. 2018 100.0% 75.0 25.0 14.4 10.6 2.0 8.6 4.1 4.5% Sales Cost of Sales Gross Profit Operating Expenses Operating Income (EBIT) Interest Expense Earnings Before Tax Income Taxes Net Income 2017 100.0% 72.0 28.0 17.4 10.6 1.6 9.0 4.0 5.0% Comment on the trends in the company's performance (you must make at least three distinctive points for full credit).

Following is a common-sized income statement for the last two years for ABC Company. Comment on the trends in the company's performance (you must make at least three distinctive points for full credit)