Changesh1VaousRaos Presented below is selected information for Brimmer Company: 2016 2015 Sales revenue $920,000 $840,000 Cost of goods sold 575,000 545,000 Interest expense 20,000 20,000 Income tax expense 27,000 30,000 Net income 61,000 52,000 Cash flow from operating activities 65,000 55,000 Capital expenditures 45,000 45,000 Accounts receivable (net), December 31 126,000 120,000 Inventory, December 31 196,000 160,000 Stockholders' equity, December 31 450,000 400,000 Total assets, December 31 750,000 675,000 Required :II IEII' 'EiiliIIiilE I . E . .'_-.1.... _... 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. 2015 2016 1. Gross prot percentage 35.5% 37.5 q/ % 2. Return on assets 8.3% 8.6 v % 3. Return on sales 6.2% 6.6 X % 4. Return on common stockholders' equity (no preferred stock was outstanding) 13.9% 14.4 x % 5. Accounts receivable turnover 8.0 7.5 x 6. Average collection period 45.6 days X clays 7. Inventory turnover 3.61 8 X 8. Times-interest-earned ratio 4.80 C] x 9. Operating-cash-flow-to-capital-expenditu res ratio 1.22 O X