Make & compare common-size income statement for Creek Enterprises' 2018 & 2019 operations. Which areas require further analysis and investigation?

Creek Enterprises Income Statement for the Year Ended December 31, 2018

Sales revenue 55,000,000

Less: Cost of goods sold 32,000,000

Gross profits 23,000,000

Less: Operating expenses

Selling expense 8,000,000

General and administrative expenses 2,300,000

Lease expense 400,000

Depreciation expense 2,000,000

Total operating expense12,700,000

Operating profits 10,300,000

Less: Interest expense 2,300,000

Net profits before taxes 8,000,000

Less: Taxes (rate = 40%) 3,200,000

Net profits after taxes 4,800,000

Less: Preferred stock dividends 800,000

Earnings available for common stockholders

4,000,000