Q$12$: Financial statements for Longman Company follow:

Longman Company

Income Statements

for the Years Ended December $31$

Unit: $ $20122013$

Revenues

Net sales

$315,000,259,000$

Expenses

Cost of goods sold

$189,000,154,000$

General, selling, and administrative

expenses

Interest expense

Income before taxes

Income tax expense $(40\%)$

$54,000,46000$

Net income

$68,000,54,500$

$27,200,21,800$

$40,800,32,700$

Required:

a$./$ Analysis vertical common and comment

b$./$ Prepare a trend analysis and comment.

c$./$ Cal PROFITABLITY ANALYSIS