Singular Corp. has the following income statement data:

a. Compute the ratio of each of the last four items to sales for 2010 and 2011.
b. Based on your calculations, is the company improving or declining in its performance?

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2010 2011 Sales Gross profit Selling and administrative expense Interest expense Net income (after these and other expenses) $500,000 161,300 45,200 15,200 44,100 $700,000 205,000 74,300 29,100 45,600