Calculate the ratio for 2015 and 2016. Please show how you got answer.

arative income statement and additional balance sheet data for Classic Fashions, Inc. rative income statement.) Data Table EEE Click the icon to view the additional balance sheet data.) he it is using its assets efficiently. Round each ratio to two decimal places. Assume all sales are on c Data Table 5 and 201 d to meas places, X. Classic Fashions, Inc. ncome Statement Years Ended December 31, 2016 and 2015 d wheth ty, sele breviat fir Os 2016 2015 2014 29,000 27,000 18,000 11,500 17,300 14,700 2016 2015 Accounts receivable Inventory Totai current assets. Fixed assets Total assets ver Net sales S 228,000S 307,000 154,000 153,000 68,000 35,00085,000 1,500 83,500 9,000 S 18,400$74 500 over 136,000 92,000 57,000 Cost of goods sold .. 42,500 45,300 35,700 262,500 250,000 220,000 305,000 $ 295,300 $ 255,700 e turnover Cross proft mover Selling and general expenses Income from operations interest expense Income before income tax Income tax expense 3,600 31,400 13,000 Print Done Net income y list or enter any L Print Done Clear All Check Answ