Prepare a comparative common- size income statement for Enchanted Designs. To an investor, how does 2014 compare with 2013? Explain yourreasoning.

Enchanted Desiens income Statement For the Years Ended Decombor 31, 2014 and 2013 (amounts in thousands 2014 2013 6 Sales revonues 7 L 8 Gross profit 9 Less: Operating expenses 10 Operating incom 11 Less rmerest expense 12 Income before income takes 13 Less ncome tax oxpense 14 Net income 15 426411371,600 66,600 205,000 95,000 14553 TS 110.000 570 93,430 18 430 ess Cost of goods sold ,76 245,650 5 100 130 180 969