roblem 14-6A

Condensed statement of financial position and comprehensive income statement data for Roger Ltd. follow:

ROGER LTD. Statement of Financial Position December 31
		2018			2017
Assets
Cash		$69,600			$65,100
Accounts receivable (net)		95,200			89,800
Inventory		130,400			123,700
Prepaid expenses		24,200			23,200
Long-term investments		44,800			40,400
Property, plant, and equipment (net)		393,300			307,500
Total assets		$757,500			$649,700
Liabilities and Shareholders Equity
Liabilities
Accounts payable		$44,900			$41,700
Accrued liabilities		30,200			40,400
Bank loan payable (current)		110,000			101,000
Bonds payable, due 2025		200,000			152,000
Total liabilities		385,100			335,100
Shareholders equity
Common shares (20,000 shares issued)		200,000			200,000
Retained earnings		175,400			114,600
Accumulated other comprehensive loss		(3,000	)		-0-
Total shareholders equity		372,400			314,600
Total liabilities and shareholders equity		$757,500			$649,700

ROGER LTD. Statement of Comprehensive Income Year Ended December 31
		2018			2017
Sales		$908,000			$835,400
Cost of goods sold		604,900			577,400
Gross profit		303,100			258,000
Operating expenses		185,200			159,900
Income from operations		117,900			98,100
Interest expense		30,200			19,900
Income before income tax		87,700			78,200
Income tax expense		22,200			20,200
Net income		65,500			58,000
Other comprehensive loss		(2,900	)		-0-
Total comprehensive income		$62,600			$58,000

Additional information:
1.		The allowance for doubtful accounts was $4,100 in 2017 and $5,000 in 2018.
2.		Accounts receivable at the beginning of 2017 were $88,900, net of an allowance for doubtful accounts of $3,000.
3.		Inventory at the beginning of 2017 was $115,300.
4.		Total assets at the beginning of 2017 were $635,000.
5.		Total current liabilities at the beginning of 2017 were $180,200.
6.		Total liabilities at the beginning of 2017 were $368,900.
7.		Shareholders equity at the beginning of 2017 was $266,100.
8.		Seventy-five percent of the sales were on account.
9.		Net cash provided by operating activities was $84,400 in 2017 and $96,800 in 2018.
10.		Net capital expenditures were $49,700 in 2017 and $124,800 in 2018.
11.		In each of 2017 and 2018, $8,000 of dividends were paid to the common shareholders.

Do we normally include the effects of other comprehensive income in the calculation of profitability ratios? We dodo not normally include the effects of other comprehensive income in the calculation of profitability ratios.