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Financial Statement Analysis-Ratios The following financial statement information for Tronics Inc. is available: oblem 4-47 2015 2014 2013 $5,872 2,877 1,779 (In thousands) $6,041 5532 Sales 3,202 23 Cost of goods sold Operating expenses Income taxes 1,991 157 165 222 Probl The following information relates to the firm's common stock for the same period: 2015 2014 2013 1,000 1,000 Shares outstanding Market value per share at year-end 1,000 $15.32 $8.13 $12.25 Instructions: 1. For each year, compute (a) gross profit percentage (b) return on sales (c) price-earnings ratio. 2. Do you notice any significant trends as a result of this analysis