Below are the financial statements of HDH Company HOH Company Comparative Income Statements For the Years Ended December 31: 2024 Sales $ 3,760,000 $ Cost of goods sold 2,064,000 Gross Profit 1,696,000 Operating expenses 1,016,000 Operating income 680,000 interest expense 44,000 Income before tax 636,000 Income tax expense 160,000 Net Income 476,000 $ 2023 2,564,000 1,496,000 1,068,000 568,000 500,000 12,000 488,000 116,000 372,000 $ Cash Accounts receivable, net Inventory Prepaid insurance Total current assets Long-term Assets Equipment, net Total Assets HOH Company Comparative Balance Sheets As at December 31: 2024 $ 916,000 $ 64,000 532,000 36,000 1,548,000 2023 616,000 $ 48,000 424,000 16,000 1,104,000 2022 260,000 52,000 380,000 4,000 696,000 900,000 2.448,000 $ 956,000 2,060,000 $ 924,000 1,620,000 $ $ 156,000 $ 108,000 96,000 360,000 132,000 $ 92,000 72.000 296,000 84,000 40,000 56,000 180,000 Current liabilities Accounts payable Salaries payable Other current abilities Total current abilities Long-term liabilities Bank loan payable Total liabilities Shareholders' Equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 416,000 776,000 440,000 736,000 400,000 580,000 12,000 1,660,000 1,672,000 2,448,000 $ 12.000 1,312,000 1,324,000 2,060,000 $ 12.000 1,028,000 1,040,000 1,620,000 $ Required Based on the financial statements above, IN YOUR ANSWER BOOKLET complete the ratio table below Ratio Table 2024 2023 Better?/Worse? Current Ratio Days sales in inventory Times interest earned Return on equity