Calibri 11 Ge Paste ' A A === CASE a Wrap Text E E Merge & Center B I UB $ Clipboard Font Alignment B24 X fx G C D E 2020 2019 2018 2017 $958,400 $895,701 $837,104 $782,340 $622,960 $626,991 $627,828 $625,872 $335,440 $268,710 $209,276 $156,468 2 Net Sales 3 Cost of Goods Sold 4 Gross Profit 5 6 Selling and Admin Expenses 7 Adverising 8 Depreciation 9 Repairs/Maintenance 10 Operating Profit 11 12 Other Income Expense 13 Interest Income 14 Interest Expense 15 Income Taxes 16 Net Earnings 17 $95,840 $89,570 $83,710 $78,234 $33,544 $35,828 $37,670 $39,117 $19,168 $17,914 $16,742 $15,647 $9,584 $8,957 $8,371 $7,823 $177,304 $116,441 $62,783 $15,647 $50 $100 $100 $50 $700 $650 $600 $60 $17,730 $11,644 $6,278 $1,565 $158,924 $104,247 $56,005 $14,072 18 19 20 21 22 file + Your word file should answer the following questions: What observations can you make about the growth in Gross Profit over the four years? With respect to sales, should we be concerned the growth in selling and admin expenses? To what can we attribute the growth or decline in operating profit? To what can what to we attribute the growth or decline in net earnings to what factors would attribute this growth? Has advertising been more or less productive between over the four years? Why do you think so? . Please note, you should answer these questions with the mindset of a business owner or adviser... or perhaps as someone who is looking to buy this business