R.Kelly Company Incorporation condensed income statement for the year 2018 and 2017

2018 2017

$ $

Net Sales 6984.2 6762.1

Cost of goods sold 3325.1 3282.6

Gross profit 3659.1 3479.5

Selling and administrative expenses 2585.7 2513.9

Non- recurring charges 244.6 70.5

Income from operations 828.8 895.1

Interest expenses 118.8 895.1

Other income(expenses) (173.3) 6.9

Income before tax 536.7 782.5

Income tax expenses 198.4 279.9

Net Income 338.3 502.6

Required: Compute the ratios for R.Kelly for 2018 and 2017 and discuss your findings.