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Comparative Statements of Income & Balance Sheets For Southwest Materials, Inc., are as follows: Southwest Materials, Inc. Consolidated Statements of Income For the Last Four
Comparative Statements of Income & Balance Sheets For Southwest Materials, Inc., are as follows: Southwest Materials, Inc. Consolidated Statements of Income For the Last Four Fiscal Years of Operations (000's $) 20x3 20x2 20x1 20x0 $93,000 $89,460 $83,200 $72,410 0600 68 440 64.480 55,760 22,400 21,020 18,72016, 650 Net Sales Cost of Sales 68,440 Gross Profit Selling, GSA Expenses 9,390 8,32000 7,600 Operating Profit Interest Expense 13,100 10,400 11,630 (450) 9,050 (150) 470) 90 (420) Interest Income 90 80 70 G (L) on sSale of Assets2,4502,7102,420 370 Income Before Taxes Provision for Taxes 15,170 13,980 12,4809,340 4,1603120 5,1104.920 Net Income sto, 069 3,060 -84320 -6,000 EOC Quiz Requirements: Based upon the Income Statement and Balance Sheet data, complete the requested liquidity, solvency and profitability ratios
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