(Click the icon to view the additional balance sheet data.) Consider the following comparative income statement and additional balance sheet data for Theater Fashions, Inc. (Click the icon to view the comparative income statement.) Read the requirements. C Requirement 1. For 2017 and 2018, compute the five ratios that measure how a business is investing its money and whether it is using its assets efficiently. Round each ratio to two decimal places. Assume all sales are on credit. Select the five ratios used to measure how a company is investing its money and whether it is using its assets efficiently, select the corresponding formulas, and then calculate each ratio for 2017 and 2018. (Enter the first four ratios as decimals rounded to two decimal places, X.XX, and the last ratio as a percentage to the nearest hundredth percent, XXX%. Abbreviations used: EPS = Earnings per share, ROA = Return on assets, ROE = Return on equity, ROS = Return on sales.) Ratio Formula Current assets / Current liabilities Quick assets / Current liabilities Cost of goods sold / Average inventory Cost of goods sold / Net credit sales Net income / Average common equity Net income / Average total assets Net income / Common shares outstanding Net income / Net sales Net credit sales/Average accounts receivable Sales/Average fixed assets Sales / Average total assets Sales / Net income Total assets / Total liabilities Total liabilities/Total assets 2018 2017 % Requirements 1. For 2017 and 2018, compute the five ratios that measure how a business is investing its money and whether it is using its assets efficiently. Round each ratio to two decimal places. Assume all sales are on credit. 2. Did the company's performance improve or deteriorate during 2018? Data table Theater Fashions, Inc. Income Statement Years Ended December 31, 2018 and 2017 - X Data table 2018 2017 Net sales Cost of goods sold 236,000 $ 137,000 255,000 152,000 Gross profit 99,000 103,000 Selling and general expenses 63,000 60,000 Income from operations 36,000 43,000 Interest expense 3,600 1,200 Income before income tax 32,400 41,800 13,000 8,000 Income tax expense S 19,400 $ 33,800 Net income Print Done 2018 2017 2016 Accounts receivable Inventory. 31,000 22,000 24,000 11,500 16,700 14,200 Total current assets Fixed assets Total assets. 46,000 39,700 42,200 260,000 $ 306,000 $ 277,700 $ 242,200 238,000 200,000 Print Done