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Calculate the following ratios for Brie Inc. for 2020, and state whether the ratios improved or weakened in 2020. Do not enter dollar signs
Calculate the following ratios for Brie Inc. for 2020, and state whether the ratios improved or weakened in 2020. Do not enter dollar signs percent signs, or commas in the input box. Round all answers to 2 decimal places. Ratio Net Profit Margin (Percent) Return on Equity (Percent) Current Ratio (Decimal Number) Debt-to-Equity Ratio (Decimal Number) 2020 2019 Improved or Weakened 441% 7.19% 5.26 32 Brie Inc. Income Statement For the Years Ended December 31 2020 2019 2018 $768,000 $723,000 $748,000 $271,000 $280,000 $285,000 $497,000 $443,000 $463,000 Sales Cost of Sales Gross Profit Expenses Operating Expenses Advertising Expense Depreciation Expense $247,000 $232,000 $229,000 $92,000 $79,000 $87,000 $73,000 $67,000 $67,000 Interest Expense $7,000 $7,000 $7,000 000 $390 Total Expenses $419,000 Net Income (Loss) Before Taxes $78,000 $58,000 $73,000 Income Taxes (Return) $35,100 $26,100 $32,850 Net Income (Loss) After Taxes $42,900 $31,900 $40,150 Brie Inc. Balance Sheet As at the Years Ended December 31 Cash Accounts Receivable Inventory Equipment Total Assets Accounts Payable Unearned Revenue Long-Term Debt Common Shares Retained Earnings 2020 2019 2018 $167.000 $178,000 $210,000 $79,000 $72,000 $69,000 $75,000 $71,000 $115,000 $243,000 $177,000 $233,000 $564,000 $498,000 $627,000 $43,000 $42,000 $36,000 $19,000 $19,000 $23,000 $59,000 $59,000 $59,000 $59,000 $79,000 $79,000 $384,000 $299,000 $430,000 Total Liabilities and Shareholders' Equity $564,000 $498,000 $627.000
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