Analyze the trend over the $3$ years for each ratio for the business.

Income Statement

$202620252024$

Sales $($credit$)$ $$2,592,000\mathrm{.}00$ $$2,160,000\mathrm{.}00$ $$1,800,000\mathrm{.}00$

Cost of Goods Sold $$1,560,000\mathrm{.}00$ $$1,344,000\mathrm{.}00$ $$1,140,000\mathrm{.}00$

Gross Profit $$1,032,000\mathrm{.}00$ $$816,000\mathrm{.}00$ $$660,000\mathrm{.}00$

Selling and Administrative Expense $$708,000\mathrm{.}00$ $$588,000\mathrm{.}00$ $$456,000\mathrm{.}00$

Operating Profit $($EBIT$)$ $$324,000\mathrm{.}00$ $$228,000\mathrm{.}00$ $$204,000\mathrm{.}00$

Interest Expense $$85,000\mathrm{.}00$ $$40,000\mathrm{.}00$ $$30,000\mathrm{.}00$

Net Income Before Taxes $$239,000\mathrm{.}00$ $$188,000\mathrm{.}00$ $$174,000\mathrm{.}00$

Taxes $$64,850\mathrm{.}00$ $$48,720\mathrm{.}00$ $$46,120\mathrm{.}00$

Net Income $$174,150\mathrm{.}00$ $$139,280\mathrm{.}00$ $$127,880\mathrm{.}00$

# of Common Shares $$46,000\mathrm{.}00$ $$40,000\mathrm{.}00$ $$40,000\mathrm{.}00$

Earnings per Share $3\mathrm{.}793\mathrm{.}483\mathrm{.}20$

Statement of Financial Position

$202620252024$

Assets

Cash $$20,000\mathrm{.}00$ $$30,000\mathrm{.}00$ $$20,000\mathrm{.}00$

Marketable Securities $($Trading Investments$)$ $$50,000\mathrm{.}00$ $$35,000\mathrm{.}00$ $$30,000\mathrm{.}00$

Accounts Receivable $$330,000\mathrm{.}00$ $$230,000\mathrm{.}00$ $$150,000\mathrm{.}00$

Inventory $$339,900\mathrm{.}00$ $$234,600\mathrm{.}00$ $$151,500\mathrm{.}00$

Total Current Assets $$739,900\mathrm{.}00$ $$529,600\mathrm{.}00$ $$351,500\mathrm{.}00$

Net Plant and Equipment $$1,285,900\mathrm{.}00$ $$792,000\mathrm{.}00$ $$605,000\mathrm{.}00$

Total Assets $$2,025,800\mathrm{.}00$ $$1,321,600\mathrm{.}00$ $$956,500\mathrm{.}00$

Liabilities and Shareholder's Equity

Accounts Payable $$331,800\mathrm{.}00$ $$246,600\mathrm{.}00$ $$56,500\mathrm{.}00$

Accrued Expenses $$300,000\mathrm{.}00$ $$100,000\mathrm{.}00$ $$100,000\mathrm{.}00$

Total Current Liabilities $$631,800\mathrm{.}00$ $$346,600\mathrm{.}00$ $$156,500\mathrm{.}00$

Long$-$Term Liabilities $$550,740\mathrm{.}00$ $$331,120\mathrm{.}00$ $$250,000\mathrm{.}00$

Total Liabilities $$1,182,540\mathrm{.}00$ $$677,720\mathrm{.}00$ $$406,500\mathrm{.}00$

Common Shares $$540,000\mathrm{.}00$ $$450,000\mathrm{.}00$ $$450,000\mathrm{.}00$

Retained Earnings $$303,260\mathrm{.}00$ $$193,880\mathrm{.}00$ $$100,000\mathrm{.}00$

Total Shareholder's Equity $$843,260\mathrm{.}00$ $$643,880\mathrm{.}00$ $$550,000\mathrm{.}00$

Total Liabilities and Shareholder's Equity $$2,025,800\mathrm{.}00$ $$1,321,600\mathrm{.}00$ $$956,500\mathrm{.}00$

Profit Margin $0\mathrm{.}070\mathrm{.}060\mathrm{.}07$

Return on Assets $($ROA$)0\mathrm{.}090\mathrm{.}110\mathrm{.}13$

Return on Equity $($ROE$)0\mathrm{.}210\mathrm{.}220\mathrm{.}23$

Current Ratio $1\mathrm{.}171\mathrm{.}532\mathrm{.}25$

Quick Ratio $($Acid Test$)0\mathrm{.}630\mathrm{.}851\mathrm{.}28$

Accounts Receivable Turnover $7\mathrm{.}859\mathrm{.}3912\mathrm{.}00$

Total Asset Turnover $1\mathrm{.}281\mathrm{.}631\mathrm{.}88$

Debt to Total Assets $0\mathrm{.}580\mathrm{.}510\mathrm{.}42$

Times Interest Earned $3\mathrm{.}815\mathrm{.}706\mathrm{.}80$