For 2009 and 2010, compute the four ratios that measure the ability to earn profits for Waldorf Fashions, Inc., whose comparative income statement and additional data follow:

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Waldorf Fashions, Inc. Income Statement Years Ended December 31, 2010 and 2009 2010 2009 Net Sales $320,000 $298,000 Cost of Goods Sold 134,000 139,000 Gross Profit 186,000 159,000 Selling and General Expenses 66,000 68,000 Income From Operations 120,000 91,000 Interest Expense 32,000 19,000 Income Before Income Tax 88,000 72,000 Income Tax Expense 10,000 7,000 Net Income $ 78,000 $ 65,000