QUESTION 8 10 points Below is the partial common-size income statement of a growing company: 2018 2019 2020 Revenues 100.00 100.00 100.00 Cost of Sales 55.00 50.00 47.00 Gross Profit 45.00 $0.00 53.00 R&D | 44.00 5.50 Sales and Marketing 7.10 $ 90 10:35 Gen Admin. Expenses 3.50 4.50 5.20 Amortized Software Expenses 13.77 8.20 27.00 27.00 Total Operating Expenses 69.00 a. Identify 3 important insights that you got from the above that tell you something about how the company is performing. b. Since the company is growing, it wants to know which of its expenses are benefitting from economies of scale and which ones are n To help the company, identify (and give brief rationale) for one expense that benefits from scale and one that does not