Compute four ratios that measure Sudbury Industries ability to earn profits. The company's comparative income statement follows.
Question:
Did the company's operating performance improve or deteriorate during 2012?
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Sudbury Industries Comparative Income Statement Years Ended December 31, 2012, 2011, and 2010 in thousands) 2012 2011 2010 $198,830 $160,625 106,000 98,000 44,000 36,000 Net Cost of goods Selling and administrative expenses Interest expense Income tax expense Net i 21,4472,705 $ 19,883 15,420 Additional data: Total a Common stockholders' equity Preferred d Common shares outstanding during the year $204,000 $190,000 $178,000 $88,000 81,430 78,570 2,940 2,9400 16,943 14,500 .16,943
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