Compute four ratios that measure ability to earn profits for New York Packaging, Inc., whose comparative income statement follows:

Additional data:

Did the company's operating performance improve or deteriorate during 19X6?

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NEW YORK PACKAGING, INC. COMPARATIVE INCOME STATEMENT YEARS ENDED DECEMBER 31, 19X6 AND 19X5 19X6 19X5 Net sales......... $174,000 $158,000 Cost of goods sold......... 93,000 86,000 Gross profit...... 81,000 72,000 Selling and general expenses. 48,000 41,000 Income from operations.... 33,000 31,000 Interest expense......... 21,000 10,000 Income before income tax... 12,000 21,000 Income tax expense...... Net income. 4,000 8,000 $ 8,000 $ 13,000