Needing help with this. Thank you for your time in advance!

Profitability and the Income Statement Presented below is income statement data for Longo & Company as of year-end 2016: Income Tax Expense $5,400 Cost of Goods Sold 14,300 Other Expenses 900 Net Revenue 58,500 Operating Expenses 27,000 Required Prepare a multi-step income statement for 2016. Note: Do not use negative signs with your answers. LONGO & COMPANY Income Statement 2016 Gross Profit on Sales Operating Income Income before Income Taxes Net Income Calculate the company's return on sales ratio. Round the return on sales ratio to one decimal place. If Longo's return on sales was 16 percent in 2015, is the company's profitability improving or declining? Return of sales for 2016= 96 and thus, the company's profitability is