that is all there is. thanks

Question 6 [5 points] The following financial statements are for X-cell Inc. Xble X-oilling Income Suitement Balatoo Shoot For Years Ended December 31, 2014, 2013, and 2012 Documber 31, 2014, 2015, and 2012 2014 2013 2012 2014 2018 Sales 911 200 770,400 829.400 Cash 7,900 9,500 Cost of goods sold 555,800 496,600 524,200 Short-term investments 27,000 34.000 Gross profit from sales 355,400 273,800 305,200 Accounts receivable 37,300 38,700 Operating expenses 113,500 118,200 117,900 Merchandise inventory 20,400 24.800 Operating income 241.900 155,600 187,300 5,300 Prepaid expenses 5,300 Interest expenso 5,500 4,700 4,800 Notes receivable, due in 2016 7,500 7,000 income before taxes 400,000 236,400 150,900 182,500 Property, plant and equipment, not 418,000 Income taxes 38,700 41,600 44,500 Total assets 519,300 523,400 Net incomo 197,700 109,300 138,000 Liabilities and Equity Accounts payable 50.100 48,200 Salaries payable 8,800 10,700 Property taxes payablo 14,300 14,100 Long-term note payable 58,000 56,000 Share capital 160,000 140,000 Retained earnings 232.200 250,300 Total liabilities and equity 523,400 519,300 Compute the merchandise turnover below, and indicate whether the change from year to year is favourable or unfavourable. For your analysis, assume that all other things have remained constant. Apply your analysis in very general terms. All values should be accurate to at least two decimal places Ratio 2014 2013 Analysis Merchandise turnover (select one