Put your 2021 income statement next to your 2020 income statement. Answer the following questions:

2020 Income Statement

Sales $210,000

COGS ($20,300)

Gross Margin $189,700

SG&A ($16,400)

Net Income $173,300

2021 Income Statement

Sales $235,000

COGS ($20,300)

Gross Margin $214,700

SG&A Expense ($16,400)

Net Income $198,300

a. Is the company going in reverse or going forward?

b. If the company is going forward is it ACCELERATING (which means earnings growth)?

c. If the company is accelerating, describe HOW it is accelerating.