The financial manager of Benno Group is required to prepare the report of the companys performance in few years.

BENNO GROUP Statement of Financial Performance for Years Ending December 31.

	2020(RM)	2019(RM)	2018(RM)
Net Sales	675,000	600,000	565,400
Cost of Goods Sold	415,250	358,430	300,100
Gross Profit	259,750	241,570	265,300
Selling Expenses	43,200	38,530	33,500
Administrative Expenses	41,100	36,580	33,500
Operating Income	175,450	166,460	198,300
Interest	11,000	10,060	8,000
Earnings before tax	164,450	156,400	190,300
Tax (28%)	46,046	43,792	53,284
Earnings after tax	118,404	112,608	137,016

Additional information:

• Net fixed assets and total assets are RM520,000 and RM870,000 respectively.

1. Prepare a year-to-year change income statement for 2020 with 2019 as base year for Benno Group.
2. Evaluate the companys performances in managing the assets and profitability of the company for 2020 relative to 2019.