Unit 7 - Spring 2020 - GLB/Fin Sint Analysis (ACCT-311-OW) Ne 3/14/2020 d. Pre-tax income. Question 3.13 - Prepare common-size income statements for December 31, 2016, 2015, and 2014 using the income statements for Yarrick Company on Page 146 of your text and answer the following questions: a. Cost of goods sold percentage for 2014. b. Cost of goods sold percentage for 2015. C. Cost of goods sold percentage for 2016. d. Gross profit percentage for 2014. e. Gross profit percentage for 2015. f. Gross profit percentage for 2016. g. Selling, general and administrative expenses percentage for 2014. Titann for 2015 3.13. Income statements for Yarrick Company for the years ending December 31, 2016, 2015, and 2014 are shown below. Prepare a common-size income statement and analyze the profitability of the company. Yarrick Company Income Statements for the Years Ending December 31, 2016, 2015, and 2014 (in millions) 2016 2015 2014 Net sales $237 $155 $134 Cost of goods sold 138 84 72 Gross profit $ 99 $ 71 $ 62 Sales, general, and administrative expenses 42 3139 Research and development 38 3354 Operating profit $ 19 $ 7 ($ 31) Income tax expense (benefit) 7 2 (11) Net profit $ 12 $ 5 ($ 20)