CARLA VISTA CO Income Statements For the Year Ended December 31 2017 2016 Sales revenue $3,810 $3,470 Costs and expenses 1,085 2,400 25 3,510 300 90 $ 210 1,020 2,330 20 3,370 100 30 $ 70 Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net income Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, eg. 1.8 or 12.6%.) (a) Current ratio (b) Inventory turnover. (Inventory on 12/31/15, was $440.) (c) Profit margin (d) Return on assets. (Assets on 12/31/15, were $2,510.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/15, was $930.) (f) Debt to assets ratio (g) Times interest earned CARLA VISTA CO Income Statements For the Year Ended December 31 2017 2016 Sales revenue $3,810 $3,470 Costs and expenses 1,085 2,400 25 3,510 300 90 $ 210 1,020 2,330 20 3,370 100 30 $ 70 Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses Income before income taxes Income tax expense Net income Compute the following ratios for 2017 and 2016. (Round current ratio and inventory turnover to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, eg. 1.8 or 12.6%.) (a) Current ratio (b) Inventory turnover. (Inventory on 12/31/15, was $440.) (c) Profit margin (d) Return on assets. (Assets on 12/31/15, were $2,510.) (e) Return on common stockholders' equity. (Stockholders' equity on 12/31/15, was $930.) (f) Debt to assets ratio (g) Times interest earned