Required information Skip to question [The following information applies to the questions displayed below.] These questions relate to the Integrated Analytics Case: Bene Petit. Select the appropriate eBook link to open the Case Overview, Case Background, and Part 5: Performance Evaluation and Analysis. The following is a summary of financial results for the first three years of Bene-petites operations. Use the provided spreadsheet to evaluate Bene Petits financial performance in terms of profitability and solvency during the first three years of operations, including profitability measures, liquidity measures, and solvency measures. Part 5a (student spreadsheet).xlsx Balance Sheet 2024 2023 2022 Cash $ 67,000 $ 42,000 $ 38,000 Accounts Receivable, Net 20,000 25,000 18,000 Raw Materials Inventory 12,000 30,000 16,000 Prepaid Expenses 7,500 10,500 2,000 Other Current Assets 3,000 3,500 2,000 Total Current Assets $ 109,500 $ 111,000 $ 76,000 Propert Plant and Equipement, Net 640,000 790,000 270,000 Total Assets $ 749,500 $ 901,000 $ 346,000 Current Liabilities $ 80,000 $ 80,000 $ 90,000 Long - Term Liabilities 350,000 500,000 140,000 Total Liabilities 430,000 580,000 230,000 Ownership Interst 250,000 300,000 109,000 Retaining Earnings 69,500 21,000 7,000 Total Stockholder's Equity 319,500 321,000 116,000 Total Liabilities and Stockholder's Equity $ 749,500 $ 901,000 $ 346,000 Income Statement 2024 2023 2022 Sales revenue $ 800,000 $ 560,000 $ 440,000 Cost of Goods sold 650,000 480,000 350,000 Gross Profit 150,000 80,000 90,000 Operating Expenses 40,000 20,000 70,000 Income from operations 110,000 60,000 20,000 Interest Expenses 10,000 31,000 8,000 Income before Income Tax Expense 100,000 29,000 12,000 Income Tax Expense 30,500 8,000 5,000 Net Operating Income $ 69,500 $ 21,000 $ 7,000

How would you evaluate Bene Petits profitability in 2024 compared to 2023?

How would you evaluate Bene Petits liquidity and solvency in 2024 compared to 2023?