Calculate the following ratios for 2018 and compare with the ratios for 2019 and write a sentence about each comparison

*Gross profit margin

*Operating profit margin

*net profit margin

*earnings per share

*return on total assets

*return on equitt

*p/e ratio

*m/b ratio

Table 3.1 Bartlett Company income Statements (5000) For the years ended December 31 2019 2018 Sales revenue $3,074 $2,567 Less: Cost of goods sold 2,088 1,711 Gross profits S 986 S 856 $ 100 $ 108 194 187 35 35 239 223 $ 568 $ 553 Less: Operating expenses Selling expense General and administrative expenses Other operating expenses Depreciation expense Total operating expense Operating profits Less: Interest expense Net profits before taxes Less: Taxes Net profits after taxes Less: Preferred stock dividends Earnings available for common stockholders $ 418 $ 303 93 91 $ 325 $ 212 94 64 $ 231 $ 148 10 10 $ 221 $ 138 $2.90 $1.81 Earnings per share (EPS) Dividend per share (DPS) $1.29 S0.75 Table 3.2 Bartiett Company Balance Sheets (5000) December 31 Assets 2019 2018 Cash $363 $ 288 Marketable securities 68 51 Accounts receivable 503 365 Inventories 289 300 Total current assets $1,223 $1,004 $2,072 $1,903 Land and buildings Machinery and equipment Furniture and fixtures 1,866 1,693 358 316 Vehicles 275 314 98 96 $4,669 $4,322 Other (includes financial leases) Total gross fixed assets (at cost) Less: Accumulated depreciation Net fixed assets 2.295 2,056 52,374 52.266 Total assets $3,597 $3,270 -Blach Liabilities and Stockholders' Equity Accounts payable Notes payable $ 382 $ 270 79 99 Accruals 159 114 Total current liabilities $ 620 $ 483 Long-term debt (includes financial leases) 1,023 967 Total liabilities $1,643 $1,450 $ 200 $ 200 191 191 Preferred stock: cumulative 5%, $100 par, 2,000 shares authorized and issued Common stock: $2.50 par, 100,000 shares authorized, shares issued and outstanding in 2019: 76,262; in 2018: 76,244 Paid-in capital in excess of par on common stock Retained earnings 428 417 1,135 1,012 Total stockholders' equity $1,954 $1,820 Total liabilities and stockholders' equity $3,597 $3,270