Asset Efficiency Ratios Financial statements for Steele Inc. follow. Steele Inc. Consolidated Income Statements (in thousands except per share amounts). Net sales Cost of goods sold Gross margin General and administrative expenses Special and nonrecurring items. Operating income Interest expense Other income Gain on sale of investments Income before income taxes Provision for income taxes- Net income Steele Inc. 2023 $7,245,088 2022 2021 $6,944,296 $6,149,218 (5,286,253) (4,953,556) (4,355,675) $1,958,835 $1,990,740 $1,793,543 (1,259,896) (1,202,042) (1,080,843) 2,617 0 0 $701,556 $788,698 $712,700 (63,685) (62,398) (63,927) 7,308 10,080 11,529 9,117 $645,179 $745,497 $660,302 (254,000) (290,000) (257,000) $391,179 $455,497 $403,302 Consolidated Balance Sheets (in thousands)