Assess Yellow Hammers income statement by calculating the sales growth, EBITDA profitability (EBITDA/Sales) and coverage ratios using EBIT and EBITDA for each year. SHOW YOUR WORK (5 points)

Yellow Hammer Corporation
Income Statement
Year Ended December 31 (in $ millions)
					2020		2019		2018
Total sales					186.7		176.1		165.4
Cost of sales					153.4		147.3		140.6
Gross Profit					33.3		28.8		24.8
Selling, general, and administrative expenses					13.5		13.0		11.6
Research and development					8.2		7.6		6.4
Depreciation and amortization					1.2		1.1		1.0
Operating Income					10.4		7.1		5.8
Interest income (expense)					2.3		1.8		1.6
Pretax Income					8.1		5.3		4.2
Taxes					2.0		1.3		1.1
Net Income					6.1		4.0		3.2