Consider the following comparative income statement and additional balance sheet data for Evan 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 officiently Round each ratio to two decimal places. Assume 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 officiently select the corresponding formulas, and then calculate each ratio for 2017 and 2018, Enter the first four is as decimals rounded to two decimal places, XXX, 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 outROS Return on salos) Ratio Formula 2018 2017 Data Table issets e Income Statement Years Ended December 31, 2018 and 2017 2018 Net sales 315,000 $ Cost of goods sold 140,000 Gross profit 175,000 Selling and general expenses 62,000 Income from operations 113,000 Interest expense 6,000 Income before income tax 107.000 2017 267,000 152,000 Inding for t hundred 115,000 64,000 51,000 1,200 49,800 the ing Print Done | 6 | 7 | 8 9 n. Data Table Net sales 315,000 $ 140,000 267,000 152,000 Cost of goods sold Gross profit Selling and general expenses Income from operations 175,000 62,000 115,000 64,000 113,000 6,000 51,000 1,200 Interest expense Income before income tax Income tax expense 107.000 10,000 97,000 $ 49,800 12,000 37.800 Net income the ind Print Done DS '6 | 7 8 9 10 and additional balance sheet data for Evan Fashions Inc 6 Data Table ma 2018 2017 2016 Accounts receivable 29,000 18,000 24,000 Inventory 11,000 16,900 13,800 Total current assets ............. 44,000 38,900 41,300 Fixed assets 260,000 228,500 195,000 Total assets. . . . . . . . . . . . . . . . . . . . . . . . $ 304,000 $ 267,400 $ 236,300 ets Print Done r in the input metus and then come to the next question Requirements he pmd ecir asse 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? Print Done ar in the input fields and then continue to the next question. Requirement 2. Did the company's performance improve or deteriorate during 2018? The company's performance during 2018 as shown by the in most, if not all of the profitability measures from 2017 to 2018
