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Consider the following comparative income statement and additional balance sheet data for Chase Fashions, Inc. (Click the icon to view the comparative income statement.) (Click
Consider the following comparative income statement and additional balance sheet data for Chase Fashions, Inc. (Click the icon to view the comparative income statement.) (Click the icon to view the additional balance sheet data.) Read the requirements. 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.X, and the last ratio as a percentage to the nearest hundredth percent, X.XX%. Abbreviations used: EPS= Earnings per share, ROA= Return on assets, ROE= Return on equity, ROS = Return on sales.) Data table Data table 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
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