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Matthias Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 Follow 2019 Matthias Medical

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Matthias Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 Follow 2019 Matthias Medical Comparative Balance Sheet As of December 31 2020 Assets Current assets Cash $397.220 Accounts receivable.net 906,800 Inventory 743.000 Other current assets 381,300 Total current 2428,320 Property, plant, & equipment, net 8.678.300 Joralsarees 511.106.320 $417.400 776,400 681.000 247.000 2121,800 8.410.100 $10.561.900 Liabilities and Stockholders Equity Correntables congsom det Tore Preferred stock 55 par velus Common stock 90 252 Retalredeaming Total Stockholders Total abilities and Stoho Gers equity $2.934 700 2.700.500 6.635.300 58.900 104500 4.307520 44-71320 3.108 320 $2846.000 3.892 600 6730.800 56.900 103.800 8660,600 3.823.300 $10.990 Matthias Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Salestesente all on account $10.07.200 59.613 900 Cost of goods sold 5.-31830 5298.700 4765 400 4 315.000 hp Question 3 of 4 2 > Matthias Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2020 2019 Sales revenue (all on account) $10,177,200 $9.613,900 Cost of goods sold 5.411.800 5.298,700 Gross profit 4,765,400 4.315,200 Operating expenses 2.899.900 2634, 100 Net operating income 1.865,500 1.681.100 Interest expense 300.300 308,600 Net Income before taxes 1565.200 1.372.500 Income taxes (20%) 469560 451.750 Net income $1.095,640 5960.750 Dividers palo Preferred dividends 29850 Common dividende $19.270 Total didends paid 48.720 346.920 3182300 Retained samnings beginning of year 3.660.600 Retailed earnings end of year $4307 320 33.660.00 Calculate the following profitability ratios for 2020. Round answers to 1 decimal place, es 50 Grossmagin percentage Pietro common stockholders alty Textbook and Media

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