For 2013 and 2014, compute the four ratios that measure the ability to earn profits for Fabulous Fashions, Inc., whose comparative income statement follows:

Additional data follow:

Requirement
Did the company€™s operating performance improve or deteriorate during 2014?

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Fabulous Fashions, Inc Income Statement Years Ended December 31, 2014 and 2013 2014 2013 Net Sales Cost of Goods Sold Gross Profit Selling and General Expenses Income From Operations Interest Expense Income Before Income Tax income Tax Expense Net Income $261,000 140,000 121,000 72,000 49,000 32,000 17,000 5,000 12,000 $237,000 132,000 105,000 65,000 40,000 15,000 25,000 8,000 $ 17,000 Total Assets... Common Shareholders' Equiy.. Preferred Dividends .. Number of Common Shares Outstanding.. 2014 2013 2012 $320,000 $292,000$282,000 $148,000 $140,000 $132,000 $ 4,000 4,000 ....$ 25,000 25,000