https://file.aiquickdraw.com/mathbot/file/1727662097410w3efgtq9.jpg

The image you provided contains a financial statement table with data from 2018 to 2022. The table lists:

- **Sales**
- **Cost of Goods Sold**
- **Gross Profit**
- **Selling, General & Admin Expenses (SG&A)**
- **Depreciation Expenses**
- **Earnings Before Interest & Taxes (EBIT)**
- **Interest Expense**
- **Earnings Before Taxes**
- **Income Tax Expense**
- **Net Income**

The question asks if the company was more profitable in **2022** than in **2018**. To determine this, we need to compare **Net Income** for both years:

- In **2018**, the Net Income was **$46,200**.
- In **2022**, the Net Income was **$51,100**.

Since $51,100 (2022) is greater than $46,200 (2018), the company was indeed more profitable in 2022 than in 2018.

Thus, the correct answer to the question is **True**.

Would you like more details or have any further questions?

Here are some relative questions for further exploration:
1. How do we calculate **Net Income** based on other financial data?
2. What factors could cause **Net Income** to fluctuate over time?
3. How does **EBIT** affect profitability?
4. What role do **interest expenses** play in reducing overall profit?
5. How can companies improve their **gross profit** over time?

**Tip:** Always analyze trends in both **Net Income** and **EBIT** when assessing profitability over multiple years, as they give a clearer picture of operational efficiency and financial health.

The company was more profitable in 2022 than in 2018. True or False?

Analyze the company's profitability by comparing net income from 2018 and 2022. Understand how net income is calculated and explore financial trends over time. This financial analysis question involves comparing profitability using real data points for sales, expenses, and net income.

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