Question: Singular Corp. has the following income statement data: a. Compute the ratio of each of the last four items to sales for 2010 and 2011.

Singular Corp. has the following income statement data:

a. Compute the ratio of each of the last four items to sales for 2010 and 2011.
b. Based on your calculations, is the company improving or declining in its performance?

2010 2011 Sales Gross profit Selling and administrative expense Interest expense Net income (after these and other expenses) $500,000 161,300 45,200 15,200 44,100 $700,000 205,000 74,300 29,100 45,600

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