5 of 8 (4 complete) Hw Score: 38.68%, 18.95 of 49 ; Score: 0 of 5 pts E12-18A (similar to Consider the following comparative income statement and additional balance sheet data for Theater Fashions, Inc. Question Help Click the icon to view the comparative income statement (Click the icon to view the additional balance sheet data Requirements 1. For 2015 and 2016, compute the five ratios that measure how the business is investing its money and whether it is using its assets efficienty. Round each ratio to two decimal places. Assume all sales are on credit 2. Did the company's performance improve or deteriorate during 2016? Requirement 1. For 2015 and 2016, compute the five ratios Round each ratio to two decimal places. Assume all sales are on credit that measure how the business is investing its money and whether it is using its assets efficiently Select the five ratios used to measure how a company is investing its money and whetle calculate each ratio for 2015 and 2016. (Enter the first four ratios as decimals rounded to two decimai places, XXx it is using its assets efficently select the corresponding formulas, and then xx, and the last ratio as a percentage to the the last ratio as a percentage to the nearest Abbreviations used: EPS-Eamings per share, ROA- Return on assets. ROE- Retum on equity. ROS Return on sales.) Ratio Formula 2016 2015 formance improve of det nd 2016, compute the five ratios that measure how the business is investing its money and whether it is using its assets e imal places. Assume all sales are on credit. measure how a company is investing its money and whether it is using its assets efficiently, select the corresponding fon and 2016. (Enter the first four ratios as decimals rounded to two decimal places, X.Xx, and the last ratio as a percentag Abbreviations used: EPS Earnings per share, ROA Return on assets, ROE Return on equity, ROS Return on sale 2016 2015 Formula Data Table Theater Fashions, Inc. Income Statement Years Ended December 31, 2016 and 2015 2016 2015 Net sales Cost of goods sold Gross profit $ 277,000 $ 298,000 130,000 154,000 147,000 144,000 61,000 84,000 83,000 63,000 Selling and general expenses000 Income from operations Interest expense Income before income tax Income tax expense Net income 3,600 1,900 80,400 81,100 10,000 12,000 s 68,400 71,100 Print Done r any number in the input fields and then click Check Answer Clear All Check Answ e comparative income statement BEB (Click the icon to view the additional balance sheet data.) pute the five ratios that measure how the businessis investing its money and whether it is using its assets ffi ssume all sales are on credit rmance improve or deteriorate during 20167 2016, compute the five ratios that measure how the business is investing its money and whetheritis using its al places. Assume all sales are on credit. heasure how a company is investing its money and whether it is using its assets efficiently, select the correspor nd 2016. (Enter the first four ratios as decimals rounded to two decimal places breviat the first four ratios as decimals rounded to two decimal places, X.XX, and the last ratio as a pe tions used: EPS Earnings per share, ROA Return on assets, ROE Return on equity, ROS Return Formula 2016 2015 Data Table 2016 2015 2014 Inventory Total current assets Fixed assets 29,000 18,000 18,000 . . . . 12,000 17,300 14.200 46,000 39,300 37,700 ....262,500 230,000 198,500 assets.. 308,500 S 269,300 s 236.200 Print Done