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Spring Co. Statement of income For the Years Ended Decembor 31 1. Prepare a common-size analysis for Spring Co. for 2023 and 2022 based on

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Spring Co. Statement of income For the Years Ended Decembor 31 1. Prepare a common-size analysis for Spring Co. for 2023 and 2022 based on the above statements of income for Required: 2. Sally Springer is the owner of the company, and she cannot understand why the profit in 2023 is lower than 2022 both years. ( 4 marks) but the sales were higher in 2021. Indicate to Sally why this happened based on your answer to 1. (3 marks) 1. Common size analysis Answer 2 below

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