milar to Income statement - = Que that meas to view the 2015 are given as needed operating oss profit a, then cald Profitability ratios -X 2015 McKnight Corporation Income Statement For the Years Ended December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Sales revenues $ 198 8305 160,625 Less Cost of goods sold 106.000 98,000 Gross profit 92830 $ 62625 Less Operating expenses 44000 36,000 Operating income $ 48.8305 26,625 Less Interest expense 7.500 8500 Income before income taxes 5 41 3305 18.125 Less Income tax expense 21.447 2.705 $ a. Gross profit percentage b. Operating income percentage c. Rate of return on net sales d. Rate of return on total assets e. Rate of return on common stockholders' equity f. Earnings per share of common stock Print Done list or ente Print Done Celine 7 of 8 (4 complete) Income statement $ 92,830 $ 62,625 44,000 Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes $ 48,830 $ 7,500 36,000 26,625 8,500 18,125 2,705 $ 41,330 $ 21,447 Less: Income tax expense Net income GA 19,883 $ 15,420 Additional data: $ Total assets Common stockholders' equity Preferred dividends Common shares outstanding during the year 190,000 $ 81,430 $ 178,000 78,570 69 204,000 $ 88,000 $ 2.940 $ 16.943 GA 0 2.940 $ 16.943 14,500 tel