Changes in Various Ratios Presented below is selected information for Brimmer Company: 2016 2015 Sales revenue Cost of goods sold Interest expense Income tax expense Net income Cash flow from operating activities Capital expenditures Accounts receivable (net), December 31 Inventory, December 31 Stockholders' equity, December 31 Total assets, December 31 $920,000 $840,000 575,000 545,000 20,000 20,000 27,000 30,000 61,000 52,000 65,000 55,000 45,000 45,000 126,000 120,000 196,000 160,000 450,000 400,000 750,000 675,000 Required Calculate the following ratios for 2016. The 2015 results are given for comparative purposes. Round answers to one decimal place. Use 365 days in a year. 2016 2015 35.5% 37.5 % 8.3% 8.6 % 6.2% 11.74 x % 13.9% 8.56 X % 1. Gross profit percentage 2. Return on assets 3. Return on sales 4. Return on common stockholders' equity (no preferred stock was outstanding) 5. Accounts receivable turnover 6. Average collection period 7. Inventory turnover 8. Times-interest-earned ratio 9. Operating-cash-flow-to-capital-expenditures ratio 7.5 8.0 45.6 days 3.6 48.8 days 3.2 4.8 5.4 1.2 1.4 Check