assets 154 % 135 % 125% 111% 100% Mequirement 2. Calculate the rate of retum on net sales for 2016 through 2018, rounding to the nearest one-tenth percent. Explain what this means Segn by selecting the rate of retum on net sales (return on sales) formula and enter the amounts to calculate the percentages. (Enter amounts in thousands as provided to you in the problem statement. Complete all answer box ny zero amounts and enter the retum on sales amounts as percentages rounded to one-tenth percent. X.X%) Net income Preferred dividends 1/ Net sales Return on sales 2018 (5 11 3/ $ 490 22 - X 17 (5 32 0 800 4.0 Data table 2018 ( 31 0 11 5 1.351 2.3 Explain what this means (In thousands) 2018 Reum on sales measures the amount of net income for each dollar of net sales Net sales. 1,351 $ 2017 800 S 2016 2015 2014 490 5 316 $ 297 Net income 31 32 Requirement 3. Calculate asset turmover for 2016 through 2018 Explain what this means 11 32 23 Total assels 312 274 254 226 Segin by selecting the asset turnover formula and then enter the amounts to calculate the ratios. (Enter amounts in tho mover ratios to three decimal places, XXXXXX) 203 d. R Asset turnover 2016 2017 2018 Print Done