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Ratio Analysis Calculate all of the ratios listed on the Calculations tab for the financial statements in the Assignment workbook. Income Statement 2019 2020 Sales

Ratio Analysis Calculate all of the ratios listed on the "Calculations" tab for the financial statements in the "Assignment" workbook.

Income Statement 2019 2020
Sales 7,000,132 11,758,751
Cost of Goods Sold 5,400,875 9,536,264
Gross Profit 1,599,257 2,222,487
Research & Development 834,408 1,378,073
SG&A 1,432,189 2,476,500
Operating Expenses 2,266,597 3,854,573
Net Operating Income -667,340 -1,632,086
Interest Income 8,530 19,686
Interest Expense -198,810 -471,259
Net Other Expense/Income 111,272 -125,373
Net Income before Tax -746,348 -2,209,032
Income Tax Provision 26,698 31,546
Net Income -773,046 -2,240,578

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