Profitability and the Income Statement Presented below is income statement data for Short & Company as of year-end 2019 Income Tax Expense $5,400 Cost of Goods Sold 14,300 Other Expenses 500 Net Revenue 62,950 Operating Expenses 27,000 Required Prepare a multi-step income statement for 2019. Note: Do not use negative signs with your answers SHORT & COMPANY Income Statement 2019 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 Short's return on sales was 16 percent in 2018, is the company's profitability improving or declining? Return of sales for 2019 96 and thus the company's profitability is