Use ratios to evaluate a stock investment Financial statement data for Tarrant, Inc. follows: Tarrant Inc. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 Net Income $686.000 $595.000 Cost of goods sold 382.000 276.000 Gross Profit 304,000 319,000 Operating expenses 132,000 150,000 Income from operations 172.000 169,000 Interest Expense 38.000 45,000 Income before income tax 134.000 124.000 Income tax expense 40,000 46,000 Net Income $94.000 $78,000