Compute six ratios that measure Tomloff Corporation’s ability to earn profits. The company’s comparative income statement follows. The data for 2021 are given as needed.

Did the company’s operating performance improve or deteriorate during 2023?

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12 3 4 Tomloff Corporation Income Statement 5 6 Sales revenues 7 Less: Cost of goods sold 8 Gross profit 9 Less: Operating expenses 10 Operating income 11 Less: Interest expense 12 Income before income taxes 13 Less: Income tax expense 14 Net income 15 For the Years Ended December 31, 2023 and 2022 (amounts in thousands) 2023 2022 16 Additional data: 17 Total assets 18 Common stockholders' equity 19 Preferred dividends 20 Common shares outstanding during the year 21 S S S $ $ S S 178,120 $ 94,000 84,120 S 43,000 41,120 S 7,360 33,760 $ 11,495 22,265 $ 203,000 $ 110,050 $ 2,660 S B 26,140 167,725 88,000 79,725 35,000 44,725 8,100 36,625 23,207 13,418 192,000 $ 86,000 S 2,660 $ 26,140 C 2021 179,000 77,000 0 24,000