Income Statement for Xenon Manufacturing: 2009 212 -172 40 2008 Total sales 202 Cost of sales -148 Gross Profit 54 Selling, general, and administrative expenses -22 Research and development -8 Depreciation and amortization -4 Other income 4 Earnings before interest and taxes (EBIT) 24 Interest income (expense) - 7 Pretax income 14 Taxes -4 Net Income 10 -20 -7 -3 6 16 -4 12 -3 9 Consider the above Income Statement for Xenon Manufacturing. All values are in millions of dollars. Calculate the gross margin for 2008 and 2009. What does the change in the gross margin between these two years imply about the company? The ability of Xenon Manufacturing to sell its goods and services for more than the costs of producing them fell between 2008 and 2009. The ability of Xenon Manufacturing to sell its goods and services for more than the costs of producing them rose between 2008 and 2009 The efficiency of Xenon Manufacturing has significantly risen between 2008 and 2009. The leverage of Xenon Manufacturing fell slightly between 2008 and 2009. O Xenon is less likely to be able to cover its short-term liabilities with immediate funds