QUESTION 1 PLEASE

P14-37A Ratio analysis over two years (Learning Objective 4) Comparative financial statement data of Tennyson, Inc., follow Tennyson, Inc Comparative Income Statements For the Years Ended December 31, 2017 and 2016 amounts in thousands) 2017 2016 6 Sales revenues 7 Less Cost of 8 Gross pro 9 Less: Operating expenses 10 Operating income 11 Less: Interest expense 12 Income before income taxes 13 Less: Income tax expense 14 Net i 15 445,910S 425,080 224,000 236,000 132,000 10,600 18.860 209910 5 201.08 128,000 73,080 11,600 61,480 19,630 41,850 67310 5 ncome 48,450