Question 3: Use the following information to analyze the Blue Company. Calculate any profit measures deemed necessary in order to discuss the profitability of the company. (10 points) Blue Company Income Statements For the Years Ended Dec. 31. 2009 and 2008 2009 2008 Net sales S174.000 $167,000 Cost of goods sold Gross Profit 114.000 115,000 60.000 52.000 54.000 46.000 6,000 6,000 General and administrative expenses Operating profit Interest expense Earnings before taxes Income taxes Net income 1,0001000 5.000 5,000 3,000 3.000