Q)Use common size statement for the income statement and evaluate each area in detail and use financial analysis to comment on each element of income statement.
						2003			2004
Sales	500,000		Sales	600,000
COGS	300,000		COGS	250,000
Gross Profit	200,000		Gross Profit	350,000
Other Exp	25,000		Other Exp	35,000
Net rofit	175,000		Net Profit	315,000