Using the comparative income statements for $2023$ and $2022$ below, prepare a vertical common$-$size analysis of this statement for each year, using sales as the base.

$($NOTE: Round ALL answers to the whole number... Example $82\%$ NO Decimals required$)$

Hint: Try copying into Excel

$2023202220232022$

Sales $9000085000$ Answer

$\%$ Answer

$\%$

Cost of Sales $7000061000$ Answer

$\%$ Answer

$\%$

Gross Profit $2000024000$ Answer

$\%$ Answer

$\%$

Operating Expenses $1375013250$ Answer

$\%$ Answer

$\%$

Operating Income $625010750$ Answer

$\%$ Answer

$\%$

Interest Expense $750750$ Answer

$\%$ Answer

$\%$

Earnings Before Tax $550010000$ Answer

$\%$ Answer

$\%$

Income Taxes $22004000$ Answer

$\%$ Answer

$\%$

Net Income $33006000$ Answer

$\%$ Answer

$\%$

Which year performed better? Answer

Which year had the higher COGS? Answer