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(in millions) 2019 2018 Begin by completing the following vertical analyses of Lady Bug Corporation's income statement. (Round percentages to the Sales $ 64,000 $
(in millions) 2019 2018 Begin by completing the following vertical analyses of Lady Bug Corporation's income statement. (Round percentages to the Sales $ 64,000 $ 34,304 66,000 31,680 As a percent of sales Cost of Goods Sold (in millions) 2019 2018 2019 2018 Gross Profit 29,696 34,320 Sales $ % % 64,000 $ 34,304 66,000 31,680 16,384 16,632 Selling, General, and Administrative Expenses Research and Development Expense Cost of Goods Sold % % 7,104 8,844 Gross Profit 29,696 34,320 % % 128 198 Interest Expense Selling, General, and Administrative Expenses 16,384 16,632 % % Earnings Before Provision for Taxes 8,646 6,080 3,584 Research and Development Expense 7,104 8,844 % % Provision for Taxes 3,828 128 198 Interest Expense % % $ 2,496 $ 4,818 Net Income Earnings Before Provision for Taxes % % 6,080 3,584 8,646 3,828 Provision for Taxes % % Print Done $ 2,496 $ 4,818 Net Income % % What line item is the largest percent of sales in 2019? How has it changed from 2018 to 2019? In 2019, the is the largest line item as a percent of sales. From 2018 to 2019, this line item
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