The income statements for Urban Outfits, Inc. are presented below:

Urban Outfits, Inc.
Income Statements
Year Ended December 31
	Current Year				Prior Year
Sales revenue		$	806,559			$	747,270
Cost of goods sold			403,589				373,505
Gross profit			402,970				373,765
Operating and other expenses			141,050				129,500
Interest expense			7,750				18,000
Income tax expense			48,200				46,700
Net income		$	205,970			$	179,565

Prepare a horizontal analysis of the income statement above. (Enter your answers to the nearest whole percent (i.e., enter 0.12 as 12.))