general terms.

All values should be accurate to at least two decimal places.

Use Northstar Corp.'s financial statements to compute the required ratios below, and indicate whether the change from year to year is favorable or unfavorable. For your analysis, assume that all other things have remained constant Apply your analysis in very general terms. All values should be accurate to at least two decimal places. Income Statement For Years Ended December 31 , 2019, 2018, and 2017 Sales Cost of goods sold Gross margin Operating expenses Income from operations Interest expense Net income $1 ,620 500 $1 $1 844,200 776,300 643,900 132,400 1,350 S131050 Balance Sheet 791,700 744,000 529,000 215,000 1,400 $213,600 December 31, 2019, 2018; and 2017 Cash Short-term investments Accounts receivable Merchandise inventory Prepaid expenses Notes receivable, due in 2022 Plant assets, net Total assets Accounts payable Salaries payable Property taxes payable Long-term note payable Common stock, 50,000 shares Retained earnings Total liabilities and stockholders' equity Debt-to-equity ratio (%) Times interest earned 2019 $52,800 46,000 54,000 55,700 4, 500 16,500 167,000 $396,500 $11,100 14 ,000 29,200 93,000 240,000 9,200 $396,500 2018 $59,000 53,000 48,100 49,100 4,000 15,500 192,000 $420,700 $11,400 14,700 31 ,550 93,000 230,000 40,050 $420,700 688,300 707,500 507,000 200,500 1,400 $199,100 2017 $57,600 65,000 55,900 61 ,ooo 3,500 14 ,000 170,000 $427,000 $11,500 17,700 28,500 82,000 250,000 37 ,300 $427,000 select one) select one avarable unfavorabl