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Consider the following comparative income statement and additional balance sheet data for Laura Fashions, Inc. Click the icon to view the comparative income statement.) Click

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Consider the following comparative income statement and additional balance sheet data for Laura 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, XXX, 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.) Ratio Formula 2018 2017 Data table Data table Laura Fashions, Inc. % 2018 2017 2016 Income Statement Accounts receivable 27,000 20.000 Years Ended December 31, 2018 and 2017 21,000 20,300 15,000 17,300 2018 2017 Inventory Total current assets 45.000 44,800 41,800 $ 277,000 $ 133,000 298,000 150,000 Fixed assets 275,000 241,500 185,000 Total assets $ 320,000 $ 286,300 $ 226,800 Net sales Cost of goods sold Gross profit Selling and general expenses Income from operations 144,000 62.000 148,000 68,000 82,000 3,000 80,000 1,500 Print Done Interest expense Income before income tax 79,000 12,000 78,500 4.000 Income tax expense $ 67,000 $ 74,500 Net income Print Done

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