Using the below income statement, calculate the gross profit, operating profit, and net profit margins (show your work) and answer why trend analysis is important in sound financial management in 2-4 sentences. Cite appropriately if outside sources are used.

Income (sales, revenue)	20,000,000
-COGS (cost of goods sold)(variable costs)	12,000,000
Gross Profit	8,000,000
-Operating expenses (fixed expenses)	4,000,000
-Depreciation Expense(Note)	1,000,000
Operating profit or EBIT (earnings before int. & tax)	3,000,000
-Interest	100,000
EBT (earnings before tax) Use for tax calc	. 2,900,000
-Taxes owed	870,000
EAT (earnings after tax) or net profit or net income	2,030,000