UGANDA CLAYS INCOME STATEMENT
	Income statement (line items)
Items	2021	In Percentage	2019	In Percentage	2018
Nets sales	20,000,000	9,896	19,500,000	964869%	18,500,000
cost of sales	9,000,000	445324%	11,250,000	556655%	5,000,000
Gross Margin	11,000,000	544285%	8,250,000	408214%	13,500,000
Operating expenses	6,000,000	296883%	4,110,000	203365%	3,500,000
income from operations	5,000,000	247402%	4,140,000	204849%	10,000,000
	Balance sheet (line items)
Items	2021	In Percentage	2019	In Percentage	2018
Assets	9,567,000,000	191340%	7,455,000,000	149100%	4,820,000,000
Current Assets	220,000,000	4400%	200,000,000	4000%	189,000,000
Liabilities & Equity	9,567,000,000	100%	7,455,000,000	78%	4,820,000,000
Current Liabilities	789,500,000	8%	923,000,000	10%	700,500,000

Select at least one profitability, liquidity, solvency, and market valuation ratio and evaluate the results. Based on your findings, post an initial response to the following:

What do the metrics tell you about the company's performance? Support your answer by explaining the results from your assessment.