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17-2 Financial Ratios The annual reports of Milano Italian clothing chain e d the low e steldea in millions, is the European cure FEES 95" 29 RS 62 350 165 20x2 20x1 2 0KO Annual amounts: Net income Gross margin on sales 250 Cost of goods sold Operating expenses 295 Income tax expose Dividends declared and paid End-of-year amounts Long-term assets Long-term debt Current liabilities Cash Accounts receivable 78 Merchandise 68 Paid-in capital 209 205 Retained income 110 During each of the three years, 10 million shares of common stock were outstanding. Assume that all sales were on account and that the applicable market prices per share of stock were 92 for 20X1 and 118 for 20X2 L Compute each of the following for each of the last two years, 20X1 and 20X2: a) Rate of return on sales b) Rate of return on stockholders' equity c) Current ratio d) Ratio of total debt to stockholders' equity e) Ratio of current debt to stockholders' equity Gross profit rate ) Average collection period for accounts receivable h) PE ratio D) Dividend payout percentage D) Dividend yield k) Total debt to equity D) Earnings per share m) Price earnings