Express the following comparative income statements in common-size percents and assess whether or not this company's situation has improved in the most recent year (round the percent to one decimal) 2018 2017sales $740,000 $625,000cost of goods sold 560,300 290,800gross profit 179,700 334,200operating expenses 128,200 218,500net income $ 51,500 $115,700

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ithink its opportunity cost but not sure hope it .