compute the ratios below and interpret the results. DALE SHIRE CORPORATION Sales Less: Cost of Sales Gross

compute the ratios below and interpret the results.

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DALE SHIRE CORPORATION Sales Less: Cost of Sales Gross Profit on Sales 2018 $300,000 120,000.00 180,000.00 Less: Operating Expenses 125,000.00 Income before Income Tax 55,000.00 2019 $ 200,000 100,000.00 100,000.00 60,000.00 40,000.00 Less: Provisions for Income Tax 17,600.00 12,800.00 Net Income $ 37,400 $ 27,200 DALE SHIRE CORPORATION Sales Less: Cost of Sales Gross Profit on Sales 2018 $300,000 120,000.00 180,000.00 Less: Operating Expenses 125,000.00 Income before Income Tax 55,000.00 2019 $ 200,000 100,000.00 100,000.00 60,000.00 40,000.00 Less: Provisions for Income Tax 17,600.00 12,800.00 Net Income $ 37,400 $ 27,200