For 2014 and 2015, compute the four ratios that measure the ability to earn profits for Waldorf Fashions, Inc., whose comparative income statement and additional data follow:

Additional data follow:

Requirement
1. Did the company's operating performance improve or deteriorate during 2015?

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Waldorf Fashions, Inc. Income Statement Years Ended December 31, 2015 and 2014 2014 $298,000 139,000 159,000 68,000 91,000 2015 Net Sales $320,000 134,000 186,000 Cost of Goods Sold Gross Profit Selling and General Expenses Income from Operations Interest Expense 66,000 120,000 32,000 88,000 10,000 $ 78,000 19,000 Income Before Income Tax 72,000 7,000 S 65,000 Income Tax Expense Net Income 2015 2014 2013 Total Assets. Common Shareholders' Equity. Preferred Dividends. Number of Common Shares Outstanding. $330,000 $286,000 $290,000 $ 6,000 $ 6,000 45,000 45,000