Q2 The analysis of the common size income statement of CREET Enterprise are detailed as below: CREET Enterprises Common-Size Income Statement Year's Ending December 31, 2019 and 2020 2019 2020 Sales revenue 100.0% 100.0% Less: Cost of goods sold 65.9% 70.0% Gross profits 34.1% 30.0% Less: Operating expenses: Selling 12.7% 10.0% General 6.3% 6.0% Lease expense 0.6% 0.7% Depreciation 3.6% 23.2% 3.3% 20.0% Operating profits 10.9% 10.0% Less: Interest expense 1.5% 3.3% Net Profits before taxes 9.4% 6.7% Less: Taxes 2.0% 1.4% Net profits after taxes 7.4% 5.3% Based on the information, comment on the findings for : Cost of Goods Sold (ii) The total operating expense (iii) The interest expense (8 marks)