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Income statements for Yarrick Company for the years ending Decem

Income statements for Yarrick Company for the years ending Decem

Income statements for Yarrick Company for the years ending December 31, 2010,2009, and 2008 are shown below. Prepare a common-size income statement and analyze the profitability of thecompany.

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Yarrick Company Income Statements for the Years Ending December 31, 2010, 2009, and 2008 (in millions) 2010 2009 $155 84 $ 71 31 2008 Net sales Cost of goods sold Gross profit Sales, general, and administrativeexpenses Research and development Operating profit Income tax expense (benefit) Net profit $%237 138 $ 99 42 38 $ 19 $134 72 $ 62 39 54 31) $ 12 $ 20)