(Click the icon to view the balance sheets.) 0 Income statement profit percentage. (Round your Cartwright's Income Statement For The Year Ended December 31, 2017 2017 rating income percentage. (Round 2017 Sales revenues Less: Cost of goods sold Gross profit 34,988,900 21,766,030 13,222,870 5,088,250 2017 - of return on net sales. (Round you Less: Operating expenses Operating income 8,134,620 217,800 Less: Interest expense Income before income taxes 7,916,820 1,925,750 For 2017 Less: Income tax expense 5,991,070 return on total assets. (Round your Net income Print Done nckholders' equity for 2017 in the input fields and then continue to the next question. Cartwright's tage for 2017 ulate the gross profit percentage. (Rour Balance Sheets December 31, 2017 and 2016 2016 percentage for 2017 ulate the operating income percentage Current assets: Cash Short-term investments Accounts receivable Inventory 1,200,000 $ 203,200 100,800 4,676,000 508,000 810,000 260,000 378,500 4,190,000 409,500 6,048,000 11,620,000 net sales for 2017. alculate the rate of return on net sales. (R Other current assets Total current assets 6,688,000 $ 11,437,000 Other noncurrent assets Total assets 18.125,000 $ 17,668,000 n total assets for 2017 ate the rate of return on total assets. (Rou > Liabilities Current liabilities: Accounts payable Notes payable $ 3,400,000 $ 890,000 2,750,000 655,000 on common stockholders' equity for 2017 any number in the input fields and then Print Done rovement store chain, reported these summarize w the income statement.) ! (Click the icon to 0 Balance sheets wwwww 6,048,000 fit percentage for 2017 then calculate the gross profit percentage. (Rour Other current assets Total current assets Other noncurrent assets Total assets 6,688,000 $ 11,437,000 18,125,000 $ 17,668,000 income percentage for 2017. then calculate the operating income percentage Liabilities Current liabilities: Accounts payable Notes payable Accrued liabilities Total current liabilities Long-term liabilities Total liabilities 3,400,000 $ 890,000 110,000 2,750,000 655,000 195,000 eturn on net sales for 2017, 4,400,000 $ 4,300,000 3,600,000 4,216,000 then calculate the rate of return on net sales. (R 8,700,000 $ 7,816,000 eturn on total assets for 2017 Stockholders' equity Common stock, no par Retained earnings Total stockholders' equity 2,502,000 $ 6,923,000 9,425,000 $ 2,000,000 7,852,000 9,852,000 calculate the rate of return on total assets. (Rou Total liabilities and equity 18,125,000 $ 17,668,000 turn on common stockholders' equity for 2017 enter any number in the input fields and then Print Done me-Improvement store chain, reported these summarized figures: n to view the income statement.) (Click the icon to view the balance sheets.) ments. oss profit percentage for 2017 mula, then calculate the gross profit percentage. (Round your answer to one decimal place.) = Gross profit percentage * Requirements erating income percentage for 2017. mula, then calculate the operating income percentage. Compute these profitability measures for 2017: a. Gross profit percentage b. Operating income percentage c. Rate of return on net sales d. Rate of return on total assets e. Rate of return on common stockholders' equity Are these rates of return strong or weak? of return on net sales for 2017. mula, then calculate the rate of return on net sales. (Rou I Print Done of return on total assets for 2017 then calculate the rate of return on total assets. (Round your answer to one decimal place.) - Rate of return on assets of return on common stockholders' enuit for 2017 et or enter any number in the input fields and then continue to the next question. Cartwright's, a home-improvement store chain, reported these summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Read the requirements a. Calculate the gross profit percentage for 2017. First identify the formula, then calculate the gross profit percentage. (Round your answer to one decimal place.) Gross profit percentage b. Calculate the operating income percentage for 2017. First identify the formula, then calculate the operating income percentage. (Round your answer to one decimal place) Operating income percentage c. Calculate the rate of return on net sales for 2017 First identify the formula, then calculate the rate of return on net sales. (Round your answer to one decimal place) Rate of return on net sales d. Calculate the rate of return on total assets for 2017 Identify the formula, then calculate the rate of return on total assets. (Round your answer to one decimal place.) Rate of return on assets Calculate the rate of return on common stockholders' enuity for 2017 Choose from any list or enter any number in the input fields and then continue to the next question IL TUO Lese summarized figures: 11. Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Read the requirements First identity the formula, then calculate the operating income percentage (Round your answer to one decimal place.) Operating Income percentage c. Calculate the rate of return on net sales for 2017 First identify the formula, then calculate the rate of return on net sales (Round your answer to one decimal place.) Rate of return on net sales d. Calculate the rate of return on total assets for 2017. Identify the formula, then calculate the rate of return on total assets. (Round your answer to one decimal place) Rate of return on assets e. Calculate the rate of return on common stockholders' equity for 2017 Identify the formula, then calculate the rate of return on common stockholders' equity (Round your answer to one decimal place of an item has a zero balance, enter a $0 in the input box) Rate of return on equity Are these rates of return strong or weak? These rates of return appear to be Choose from any list or enter any number in the input fields and then continue to the next