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Income Statement Balance Sheet 2016 2017 2017 28,710 34,111 812 Net sales Cost of good sold Depreciation 23,332 695 21,820 2,584 3,070 1,004 EBIT 4,306
Income Statement Balance Sheet 2016 2017 2017 28,710 34,111 812 Net sales Cost of good sold Depreciation 23,332 695 21,820 2,584 3,070 1,004 EBIT 4,306 7,709 2,511 143 173 8,280 Interest expense Tax (30%) Net Income 2,261 10,791 1,249 2,914 5,275 Assets 2016 Cash and 792 securities Accounts 693 receivable Inventories 990 Total current assets 2,475 Net fixed assets 7,425 Total assets 9,900 Liabilities and Owners' Equity Accounts payable 792 Short-term notes 693 Total current liabilities 1,485 Long-term debt 1,188 Common stock 1,589 Retained earnings 5,638 Total liabilities and 9,900 owners' equity 924 786 1,710 1,437 1,264 6,380 10,791 If you were asked to prepare the common-size financial statements for SW Inc. using the information above, what would be the percentage point change between 2016 and 2017 on EBIT? 10.05 percentage point decrease 7.60 percentage point decrease 8.74 percentage point increase 10.05 percentage point increase 7.60 percentage point increase
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