8. The following data pertains to Frost Company for the year ended December 31, 2019. Net Sales Net Income Total Assets (January 1, 2019) $67,000 $10,050 $252,000 Total Assets (December 31, 2019) $276,000 Calculate Frost Company's return on assets for 2019. Do not enter dollar signs or commas in the input boxes. Round your answer to 2 decimal places. Return on Assets = Answer % 9. At the beginning of 2019, Acatela Corp. had inventory of $376,000. The ended the year with inventory of $203,000 after purchasing $539,000 worth of inventory. The cost of goods sold totalled $635,000. Determine the inventory turnover ratio and the days' sales in inventory. Do not enter dollar signs or commas in the input boxes. For the inventory turnover ratio, round your answer to 2 decimal places. Inventory Turnover = Answer For the days' sales in inventory, round your answer to the nearest whole number. Days' Sales in Inventory = Answer days 10. Sleiger Company has a net accounts receivable opening balance of $216,000 and and ending balance of $216,000. The total sales amount for the year is $789,000, of which 80% is on credit. Calculate the days' sales outstanding and the accounts receivable turnover. Do not enter dollar signs or commas in the input boxes. Round days sales outstanding to the nearest whole number. Days Sales Outstanding = Answer days Round accounts receivable turnover to 2 decimal places. Accounts Receivable Turnover = Answer times 11. Perform a horizontal analysis for Groff Inc. Use 2017 as the base year. Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Groff Inc. In Millions of Dollars 2019 2018 2017 Revenue $481 $396 $287 Revenue % of 2017 Answer! Net Income % Answer $251 % Answer $183 96 $139 Net Income % of 2017 Answer % Answer % Answer