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Please show all work, that is easy to follow for a good rating. Thank you! 5. (2 pts) Review these two Income Statements and determine

Please show all work, that is easy to follow for a good rating. Thank you!

5. (2 pts) Review these two Income Statements and determine why the operating income increased 2016 2017 Sales 150.3K 150.6K COGS 121.OK 125.0K 25.3K Gross Profit 29.6K Operating Expenses 20.3K 20.4K Operating Income 5.OK 9.2K

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