Net sales Cost of goods sold Gross margin Operating expenses Net income Test Company Comparative Income Statements For Years Ended December 31, 2024-2021 2024 2023 2022 $294,000 $263,000 $227,000 139,000 217,000 145,000 155,000 46,000 82,000 62,000 18,000 33,000 $93,000 $28,000 $49,000 2021 $162,000 133,000 29,000 12,000 $17,000 Cash Accounts receivable, net Merchandise inventory Plant assets, net Total assets Test Company Comparative Balance Sheets For Years Ended December 31, 2024-2021 2024 2023 2022 $92,000 $19,000 $40,000 82,000 74,000 64,000 35,000 76,000 36,000 150,000 130,000 100,000 $359,000 $299,000 $240,000 2021 $25,000 45,000 47,000 90,000 $207,000 Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity $42,000 100,000 30,000 187,000 $359,000 $65,000 110,000 30,000 94,000 $299,000 $44,000 100,000 30,000 66,000 $240,000 $40,000 120,000 30,000 17,000 $207,000 2024 2023 2022 2024 2023 2022 Liquidity and Efficiency Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Total asset turnover Solvency 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 2024 2023 2022