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Using Facebooks 12/31/2020 10-K and other researched material, answer the questions below in the boxes provided Year to Year Comparisons Solution Only in Percent (%

Using Facebooks 12/31/2020 10-K and other researched material, answer the questions below in the boxes provided

Year to Year Comparisons

Solution Only in Percent (% to one decimal)

Common Size Income Statement (Partial)

Revenue: 2020 _____ % 2019 _____%

Cost of Revenue: 2020 _____ % 2019 _____%

Marketing and Sales: 2020 _____ % 2019 _____%

Net Income: 2020 _____ % 2019 _____%

In about 3 sentences explain why Marketing and Sales Expense changed from 2019 to 2020.

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