a. On the basis of the information provided, calculate the following financlal ratios for 2018 and 2019 : b. Considering the financial ratios you computed, along with the industry averages, how would you characterize the financial condition of Otago Bay Marine Motors? Explain. a. Calculate the following financial ratios for 2018 and 2019 . (Round to two decimal places.) (Click on the icon here 2 in order to copy the contents of the data table below into a spreadsheet.) Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) (Click on the icon here 0 in order to copy the contents of the data table below into a spreadsheet.) \begin{tabular}{|c|c|c|c|c|c|} \hline \multirow{3}{*}{ Sales revenue } & & \multicolumn{4}{|c|}{\begin{tabular}{c} For the Year \\ Ended December 31 , \end{tabular}} \\ \hline & & \multicolumn{2}{|r|}{2019} & \multicolumn{2}{|r|}{2018} \\ \hline & & $ & 257,804 & $ & 246,837 \\ \hline Cost of goods sold & & & 133,852 & & 127,889 \\ \hline Gross profit margin & & $ & 123,952 & $ & 118,948 \\ \hline Operating expenses & & & 72,507 & & 71,296 \\ \hline Earnings from operations & & $ & 51,445 & $ & 47,652 \\ \hline Other income (expense), net & & & 2,830 & & 3,845 \\ \hline Earnings before income taxes & & $ & 54,275 & $ & 51,497 \\ \hline Provision for income taxes & & & 20,625 & $ & 19,569 \\ \hline Net earnings & & $ & 33,650 & $ & 31,928 \\ \hline Cash dividends ( $0.34 and $0.19 per share) & & $ & 3,890 & $ & 2,174 \\ \hline Average price per share of common stock & & & & & \\ \hline (in the fourth quarter of the year) & & $ & 72.01 & $ & 84.83 \\ \hline \end{tabular}