Common-size statement analysis A common-size income statement for Creek Enterprises' 2014 operations follows. Using the firm's 2015 income statement ,develop the 2015 common-size income statement and compare it to the 2014 statement. Wnich areas require further analysis and investigation? Common-Size Income Statement for the Years Ended December 31, 2014 and December 2015 2015 2014 Sales revenue Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses Lease expense Depreclation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes (rate = 40%) Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders 100.0% 65.6 34.4 % 12.4 % 6.2 0.4 3.5 22.5 11.9% 10.6 % 6.4 % 0.2 6.2 % Enter any number in the edit fields and then continue to the next