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rofitability and the Income Statement Presented below are income statement data for VanPool & P4-6B....

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rofitability and the Income Statement Presented below are income statement data for VanPool & P4-6B. Company for 2016: Income tax expense. . . . . . . . . . . . . . . . $11,000 Sales revenue 52,000 2,000 Required Prepare a multi-step income statement for 2016 and calculate the company's return on sales ratio. If VanPool's return on sales was 26 percent in 2015, did the company's profitability increase or decrease in 2016

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