Begin by finding the ROS for $20x3$ and $20$X$2.($Enter amounts in thousands as provided in the problem statement. Round ratios to three decimal places,

X$.$XXX$.)$

Did the company's operating performance improve or deteriorate during $20$X$3?$

The company's operating performance

during $20$X$3$ as shown by the

in all four profitability measures from $202$ to $20x3.$David Inc. and Craig Ltd$.$ are competitors. Compare the two companies by converting their condensed income statements to common size.

$($Click the icon to view the income statements.$)$

Which company earned more net income? Which company's net income was a higher percentage of its net sales? Which company is more profitable? Explain your answer.

Begin by converting the condensed income statements to common size. $($Round the percentages to the nearest hundredth percent, X$.$XX$\%.)$

earned more net income. could be more profitable because it earned far more net income than

net income was a higher percentage of net sales. $,$grad could be more profitable because it earned a higher percentage of profit on each dollar of sales than

did.

Data table

Time Remaining: $01$:$21$:$34$