As controller of Tallman Company, you are responsible for keeping the board of directors informed about the company's financial activities. At the recent board meeting, you presented the following financial data:

After the meeting, the company’s CEO held a press conference with analysts in which she mentions the following ratios:

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2006 2005 2004 2006 2005 2004 Sales trend percent Selling expenses to net sales 147.0% 10.1% 135.0% 14.0% 100.0% 15.6% Sales to plant assets Current ratio 3.8 to 1 3.6 to 1 2.9 to12.7to 3.3 to 1 2.4 to 1