For 2013 and 2014, compute the four ratios that measure the ability to earn profits for Waldorf Fashions, Inc. whose comparative income statement and additional data follow:

Additional data follow:

Requirement
Did the company€™s operating performance improve or deteriorate during 2014?

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Waldorf Fashions, Inc. Income Statement Years Ended December 31, 2014 and 2013 2014 2013 Net Sales Cost of Goods Sold Gross Profit Selling and General Expenses Income from Operation:s Interest Expense Income Before Income Tax Income Tax Expense Net Income $320,000 134,000 186,000 66,000 120,000 32,000 88,000 10,000 78,000 $298,000 139,000 159,000 68,000 91,000 19,000 72,000 7,000 65.000 2014 2013 2012 $330,000 $286,000 $290,000 Total Assets... Common Shareholders' Equity.$150,000 $142,000 $134,000 6,000 $ 6,000 45,000 45,000 Number of Common Shares Outstanding ..4