Ratio Analysis Selected information from Bigg Company's financial statements follows: Fiscal Year Ended December 31 2018 (in thousands) 2019 2017 $1,937,021 $1,835,987 4,406 2,203 $1,930,048 $1,829,378 619,847 660,955 $1,310,201 $1,168,423 595,226 583,555 $714,975 $584,868 (5,180) (8,773) $709,795 $576,095 Gross sales $2,004,719 4,811 2,406 $1,997,502 621,463 $1,376,039 577,369 $798,670 15,973 $814,643 Less: Sales discounts 4,649 Less: Sales returns and allowances Net sales Cost of goods sold Gross proft Operating expenses Operating income Other income (expenses) Net income 2,324 At December 31 2018 (in thousands) 2019 2017