For 2014 and 2015, compute the four ratios that measure the ability to earn profits for Fabulous Fashions, Inc., whose comparative income statement follows:

Additional data follow:

Requirement
1. Did the company's operating performance improve or deteriorate during 2015?

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Fabulous Fashions, Inc. Income Statement Years Ended December 31, 2015 and 2014 2014 $237,000 132,000 105,000 2015 Net Sales Cost of Goods Sold $261,000 140,000 121,000 72,000 49,000 Gross Profit Selling and General Expenses Income From Operations Interest Expense Income Before Income Tax 65,000 40,000 15,000 25,000 8,000 $ 17,000 32,000 17,000 Income Tax Expense Net Income 5,000 $ 12,000 2015 2014 2013 Total Assets. Common Shareholders' Equity. Preferred Dividends Number of Common Shares Outstanding $320,000 $292,000 $282,000 $148,000 $140,000 $132,000 $ 4,000 $ 25,000 25,000