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Consider the following comparative income statement and additional balance sheet data for Fabulous Fashions, Inc. (Click the loon to view the comparative income statement) (Click
Consider the following comparative income statement and additional balance sheet data for Fabulous Fashions, Inc. (Click the loon to view the comparative income statement) (Click the ioon to view the additional balance sheet data.) Read the requ remens. 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 XXX and the last ratio as a percentage to the nearest hundredth percent .%. A brev ations used: EPS Earnings per share, ROA-Return on assets, ROE Return on equity, ROS-Return on sales.) Fabulous Fashions ne. Income Statement Yeans Ended December 31, 2014 and 2017 Ratio Formula 2018 2017 2017 Net sa es Cost of goods sold Gress prof 77,0003 311 Income operation 2018 2017 2016 interest apense 31,000 27,000 24,000 11,000 ,300 13,500 44,500 45,300 40,500 262,500 228,500 200,000 $ 307,000 S 273,800 $ 240,500 Income tax pene Inventory... 8400 Total current assets Total assets
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