An excerpt from the Sun Company's annual report is presented below. Calculating any profit measures deemed necessary, discuss the implications of the profitability of thecompany.

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Sun Company Income Statements for the Years Ended December 31, 2010, 2009, and 2008 2010 2009 2008 $236,000 186,000 $50,000 Net sales Cost of goods sold Gross profit Operating expenses Operating profit Income taxes Netincome $195,000 150,000 $ 45,000 18,000 $ 27,000 11.500 15,500 $120,000 85,000 $ 35,000 11,000 $24,000 10,500 $13,500 22,000 $ 28,000 $10,000 15.500 5 145 16,000