1. The Houston Chronicle reported on the profits of Oshman's Sporting Goods. For the fourth quarter, Oshman's reported a net income of $7.3 million. That compares with a net income of $1.5 million in the same quarter a year earlier. Net sales for the quarter increased 12.5% to $105.4 million. 1. 1. 1. What was Oshman's profit margin on net sales this quarter? 2. What was the percent increase in net income? 3. What were last year's net sales? 4. What was last year's profit margin on net sales? (Round to the nearest hundredth percent. 2. Jane Smay, a financial analyst, researched the following data to analyze Zim Corporation. Current assets $19,000 Net sales $66,000 Accounts receivable 6,200 Total assets 44,000 Current liabilities 28,000 Net income 8,000 Inventory 4,000 Please help Jane prepare 1. current ratio 2. acid test 3. average day's collection 4. asset turnover 5. profit margin on sales. (Round to the nearest hundredth.) 1. The Houston Chronicle reported on the profits of Oshman's Sporting Goods. For the fourth quarter, Oshman's reported a net income of $7.3 million. That compares with a net income of $1.5 million in the same quarter a year earlier. Net sales for the quarter increased 12.5% to $105.4 million. 1. 1. 1. What was Oshman's profit margin on net sales this quarter? 2. What was the percent increase in net income? 3. What were last year's net sales? 4. What was last year's profit margin on net sales? (Round to the nearest hundredth percent. 2. Jane Smay, a financial analyst, researched the following data to analyze Zim Corporation. Current assets $19,000 Net sales $66,000 Accounts receivable 6,200 Total assets 44,000 Current liabilities 28,000 Net income 8,000 Inventory 4,000 Please help Jane prepare 1. current ratio 2. acid test 3. average day's collection 4. asset turnover 5. profit margin on sales. (Round to the nearest hundredth.)