RVX engages in the manufacturing, distribution and sales of automobiles. Using the income statement for RVX analyze their gross, operational and net profitability usin the three step approach. Show all your calculations. Equity \begin{tabular}{|c|c|c|c|} \hline Common Equity & 35.93 & 34.89 & 29.17 \\ \hline Common Stock Par & 0.04 & 0.04 & 0.04 \\ \hline Additional Paid-In Capital/Capital Surplus & 2201 & 21.84 & 2163 \\ \hline Retained Earnings & 22.67 & 21.22 & 15.63 \\ \hline Cumulative Translation AdjustmentUnrealized For. Exch. Gain & & 428 & 459 \\ \hline Unrealized Gain/oss Marketable Securitios & .0 .06 & 005 & -0.01 \\ \hline Other Appropriated Reserves & -251 & -2.63 & -2.41 \\ \hline Treasury Stock & -1.42 & .125 & -112 \\ \hline Shareholders' Equily & 35.93 & 34.89 & 29.17 \\ \hline umulated Minority Interest & 0.13 & 0.13 & 0.11 \\ \hline Equity & 36.07 & 35.02 & 29.28 \\ \hline is \& Shareholders' Equity & 256.54 & 257.812 & 237.95 \\ \hline \end{tabular} RVX Company Income Statement Sales 160.34156 .78151 .80 Cost of Goods Sold (COGS) incl. D\&A 137.58132 .89128 .73 coGs excluding D\&A 129.2712444120 .01 Depreciation \& Amertization Expense Gross Income 8.31 8.458.72 SG8A Expense 22.7623.8823.08 Research \& Development 19.6019.5319.50 Other SG\&A 8.208.007.30 \begin{tabular}{rrrr} Research \& Development & 8.20 & 8.00 & 7.30 \\ Other SG\&A & 11.40 & 11.53 & 12.20 \\ Other Operating Expense & 0.00 & 0.00 & 0.00 \\ EBIT (Operating Income) & 3.15 & 4.36 & 3.58 \\ Nonoperating Income - Net & 2.41 & 5.35 & 3.32 \\ Interest Expense & 1.24 & 1.35 & 1.26 \\ Unusual Expense. Net & -0.02 & 0.20 & -1.16 \\ Unrealized Valuation Gain/Loss & 0.02 & -0.20 & 1.16 \\ Pretax Income & 4.35 & 8.15 & 6.80 \\ Income Taxes & 0.65 & 0.52 & 2.19 \\ Consolidated Net Income & 3.70 & 7.63 & 4.61 \end{tabular}