QUESTION FIVE: Prepare a common size analysis of these three years
2023
2022
2021
Total Revenue
77,794,000 100%
66,608,000 100% 62,286,000 100%
Cost of Revenue
70,070,000
63,078,000
59,237,000
Gross Profit
7,724,000
3,530,000
3,049,000
SG&A
5,168,000
2,687,000
2,157,000
Net Op Profit
2,556,000
843,000
892,000
Gain on Sale of PPE
2,000
6,000
277,000
Total Pretax Income
2,558,000
849,000
1,169,000
Tax Provision
703,450
233,475
321,475
Net Income
1,854,550
615,525
847,525
Which year was the profitable in terms of operations?
Which year had the most non operating revenue?
Are there any other observations you wish to make about these three years?