The income statement and balance sheet of ABC Company are shown in Tables 3.1, and 3.2. Perform ratio analysis and observe major trends and deviation from the available historical company information and industry data (See table 3.3 Table 3.1 ncome Statement Year 2002 Year 2001 (dollars) (dollars) Net sales 193,213 91,954 128,434 Cost of goods and services 60,776 31,178 64,779 Gross profit 13,844 Selling, general,and administrative expenses 26,369 4,167 9,831 Employee profit sharing and retirement 36,200 18,011 Total overhead 28,579 13,167 Operating profit before interest and tax Other income 273 29,535 13,440 EBIT 505 Interest paid 12,935 28,855 Taxable income 6,934 14,712 Income tax 14,143 6.001 Net income