Income statements for Yarrick Company for the years ending December 31, 2024, 2023, and 2022 are shown below. Prepare a common-size income statement and analyze the profitability of the company.

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Yarrick Company Income Statements for the Years Ending December 31, 2024, 2023, and 2022 (in millions) 2024 2023 2022 Net sales $237 $155 Cost of goods sold 138 84 $ 134 72 Gross profit $ 99 $ 71 $ 62 Sales, general, and administrative expenses 42 31 39 Research and development 38 33 54 Operating profit $ 19 $ 7 ($ 31) Income tax expense (benefit) 2 (11) Net profit $ 12 ($20)