I could really use help answering this question, thank you so much! 1 Summary: Financial Statement Analysis

I could really use help answering this question, thank you so much!

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1 Summary: Financial Statement Analysis High Peaks Performance, Inc. Common-Size Income Statement Data 2 High Peaks Industry Average 3 Net sales 100.0% 100.0% 4 Cost of sales (68.2) (64.8) 5 Gross profit 31.8 35.2 6 Operating expense (37.1) (32.3) 7 Operating income (loss). (5.3) 2.9 8 Interest expense (5.8) (1.3) 9 Other revenue 1.1 0.3 10 Income (loss) before income taxi (10.0) 1.9 11 Income tax (expense) benefit 12 Net income (loss) 13 44 (0.8) (5.6)% 1.1% Requirement 1. Based on your analysis of these figures, suggest four courses of action High Peaks might take to reduce its losses and establish profitable operations. Give your reason for each suggestion. (Challenge) 1 Summary: Financial Statement Analysis High Peaks Performance, Inc. Common-Size Income Statement Data 2 High Peaks Industry Average 3 Net sales 100.0% 100.0% 4 Cost of sales (68.2) (64.8) 5 Gross profit 31.8 35.2 6 Operating expense (37.1) (32.3) 7 Operating income (loss). (5.3) 2.9 8 Interest expense (5.8) (1.3) 9 Other revenue 1.1 0.3 10 Income (loss) before income taxi (10.0) 1.9 11 Income tax (expense) benefit 12 Net income (loss) 13 44 (0.8) (5.6)% 1.1% Requirement 1. Based on your analysis of these figures, suggest four courses of action High Peaks might take to reduce its losses and establish profitable operations. Give your reason for each suggestion. (Challenge)