3.18 Intel CaseThe 2007 Intel Annual Report can be found at the followingWeb sit

3.18 Intel CaseThe 2007 Intel Annual Report can be found at the followingWeb site:www.prenhall.com/fraser.(a) Using theconsolidated statements of operations analyze the profitability ofIntel bypreparing a common-size income statement and by calculating anyother ratiosdeemed necessary for the past three years. Be sure to calculatesales growth andoperating expense growth for each two-year periodpresented.(b) Using the consolidated statements ofstockholders equity for Intel explain the key reasons for thechanges inthe common stock accumulated other comprehensive income andretained earningsaccounts. Evaluate these changes