Compute six ratios that measure Tomloff Corporation’s ability to earn profits. The company’s comparative income statement follows. The data for 2018 are given as needed.

Did the company’s operating performance improve or deteriorate during 2020?

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12345 Sales revenues Less: Cost of goods sold A 6 7 8 Gross profit 9 Less: Operating expenses 10 Operating income 11 Less: Interest expense 12 Income before income taxes 13 Less: Income tax expense 14 Net income 15 16 Additional data: Tomloff Corporation Income Statement For the Years Ended December 31, 2020 and 2019 (amounts in thousands) 2020 2019 $ $ $ $ $ 178,120 $ 94,000 84,120 $ B 43,000 41,120 $ 7,360 33,760 $ 11,495 22,265 $ 167,725 88,000 79,725 35,000 44,725 8,100 36,625 23,207 13,418 C 2018