a new written paragraph please, don't answer with the previously answered written paragraphs for this question.

(ONE PARAGRAPH ANALYSIS)

3.15. Writing Skills Problem Income statements are presented for the Elf Corporation for the years ending December 31, 2016, 2015, and 2014. Elf Corporation Income Statements for the Years Ending December 31, 2016, 2015, and 2014 (in millions) 2016 2015 2014 Sales $700 $650 Cost of goods sold Gross profit Operating expenses: Administrative Advertising and marketing Operating profit $200 Interest expense Earnings before tax Tax expense (50%) Net income $ 65 350 $550 275 225 $130 65 Required: Write a one-paragraph analysis of Elf Corporation's profit performance for the period. To the Student: The focus of this exercise is on analyzing financial data rather than simply describing the numbers and trends. Analysis involves breaking the information into parts for study, relating the pieces, making comparisons, drawing conclusions, and evaluating! cause and effect