PA$13-2($Algo$)$ Analyzing Comparative Financial Statements Using Selected Ratios $[$LO $13-4,$ LO $13-5]$

Minion Industries declared and paid a cash dividend of $$8,000$ in the current year. Its comparative financial statements, prepared at December $31,$ reported the following summarized information:

$\backslash$table$[[$Income Statement,Current Year,Previous Year$],[$Sales Revenue,,$],[$Cost of Goods Sold,$180,000,$$$155,000$