Prepare a common sized financial statement for Chopper, Inc. for 2015 and 2016. Comment on the trends in Chopper's gross profit margin, operating profit margin and profit margin. Chopper, Inc. 2015 2016 Sales 25,000 31,000 Cost of Sales 10,000 13,000 Gross Proft Margin 15,000 18,000 Research & Development 3,300 3,400 Sales & Marketing ,500 4,800 General & Administrative 1,000 1, 100 Total Operating Expenses 8,800 9,300 Operating Income 6,200 8,700 Interest Expense 1,000 2,500 Earnings Before Taxes 5,200 6,200 Income Taxes 2,080 2,480 Net Income 3,120 3,720