The following information is available from the financial statements of the Philips Company.

Compute the return on sales ratio and comment on any trends observed between 2018 and 2019.

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2019 2018 Net sales.. $120,000 $110,000 Net income.. 20,000 15,000 Cash provided by operating activities.. 25,000 22,000 Expenditures on property, plant, and equipment 7,000 6,000 Current assets 75,000 65,000 Current liabilities. 50,000 45,000 Total assets Total liabilities 220,000 190,000 150,000 145,000