RATIOA Ratio Analysis Data Section Global Technology Comparative Income Statement For Years Ended December 31, 2012 and 2011 2012 Net sales $3,516,075 Cost of merchandise sold 2,820,000 Gross profit $696,075 Selling expenses $123,000 General expenses 81,660 Total operating expenses $204,660 Operating income $491,415 Other expenses (interest) 36,000 Income before income tax $455,415 Income tax 164,400 Net income $291,015 2011 $3,300,330 2,550,000 $750,330 $127,500 88,500 $216,000 $534,330 19,500 $514,830 220,905 $293,925 RATIOA Ratio Analysis Data Section Global Technology Comparative Income Statement For Years Ended December 31, 2012 and 2011 2012 Net sales $3,516,075 Cost of merchandise sold 2,820,000 Gross profit $696,075 Selling expenses $123,000 General expenses 81,660 Total operating expenses $204,660 Operating income $491,415 Other expenses (interest) 36,000 Income before income tax $455,415 Income tax 164,400 Net income $291,015 2011 $3,300,330 2,550,000 $750,330 $127,500 88,500 $216,000 $534,330 19,500 $514,830 220,905 $293,925