Net sales Cost of goods sold Gross margin Operating expenses Net income - Company Comparative Income Statements For Years Ended December 31, 2027-2024 2027 2026 2025 $241,000 $216,000 $187,000 2024 $132,000 129,000 147,000 113,000 99,000 112,000 69,000 74,000 33,000 59,000 37,000 39,000 17,000 $53,000 $32,000 $35,000 $16,000 Company Comparative Balance Sheets For Years Ended December 31, 2027-2024 2027 2026 2025 2024 Cash $146,000 $154,000 $125,000 $144,000 Accounts receivable, net 67,000 60,000 52,000 37,000 Merchandise inventory 32,000 23,000 28,000 15,000 Plant assets, net 180,000 170,000 140,000 150,000 Total assets $425,000 $407,000 $345,000 $346,000 Current liabilities Long-term liabilities $39,000 $44,000 $34,000 $30,000 190,000 220,000 200,000 240,000 Common stock 60,000 60,000 60,000 60,000 Retained earnings 136,000 83,000 51,000 16,000 Total liabilities and equity $425,000 $407,000 $345,000 $346,000 Liquidity and Efficiency 2027 2026 2025 Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Total asset turnover Solvency 2027 2026 2025 Debt ratio Equity ratio Sum of Debt and Equity ratios Debt-to-equity ratio Profitability Profit margin ratio Gross margin ratio Return on total assets 2027 2026 2025