Linden Corp. has a 10% market share in its industry. Below are income statements ($millions) for Linden and for the industry.

a. Develop common sized income statements for Linden and the industry as a whole.
b. What areas should management focus on to improve performance, and what kind of issues should be examined or looked for in eacharea?

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Linden Industry Sales Cost of goods sold Gross margin Expenses: $6,000 $64,000 33,650 2,800 $30,350 3.200 S 430 3,850 2,650 4,560 $1,305 11,060 S1,495 19,290 2304.500 S1,265 $14,790 Sales and marketing Engineering 225 650 Finance and administration Total expenses EBIT Interest expense EBT Tax Net income 500 5.620 S 765 9,170