Based on the income statements, SuperSound’s sales and retained earnings greatly increased during the year 2020. Retained earnings increased by over 160%. The return on assets of about 57% suggests that the company has high profitability. The current ratio of about 51% suggests that the company is fairly liquid, and performing well in the short term. However, the debt-to-assets ratio of about 71% suggests that the long-term solvency of the company may be lower.
