E12-18A (similar to) Question Help Consider the following comparative income statement and additional balance sheet data for Fabulous Fashions, Inc. E: (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, XXX%. Abbreviations used: EPS Earnings per share, ROA = Return on assets, ROE = Return on equity, ROS = Return on sales.) Ratio Formula 2018 2017 hoose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All Check Answer i Data Table is usi TID hec 2017 291,000 152,000 Fabulous Fashions, Inc. Income Statement Years Ended December 31, 2018 and 2017 2018 Net sales 261,000 $ Cost of goods sold 138,000 Gross profit 123,000 62,000 Selling and general expenses Income from operations 61,000 Interest expense 3,000 ratic ROS 139,000 70,000 69,000 3,100 Print Done OTVO Data Table - X we income mparative 2018 261,000 $ 138.000 2017 291,000 152,000 is using its 118, como Assume Net sales Cost of goods sold Gross profit Selling and general expenses Income from operations 123,000 62,000 139,000 70,000 sure how 2018. (EN viations he corresp ratio as a ROS = Retu 61,000 3,000 69,000 3,100 Interest expense Income before income tax 58,000 9,000 49,000 $ 65,900 4,000 Income tax expense 61,900 Net income numbe [Print [Done Print Done i Data Table ve in mpal 118, is usin Assy 2018 2017 2016 29,000 21,000 26,000 11,000 16,200 12,900 42,500 38,200 44,900 265,500 225,500 195,000 . $ 308,000 $ 263,700 $ 239,900 Accounts receivable... Inventory..... Total current assets Fixed assets Total assets. asure 2011 eviat he cor ratio ROS = Print Print Done Done sing Requirements porn Jo a 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 E12-18A (similar to) Consider the following comparative income statement and additional balance sheet data for Fabulous Fashions, Inc. (Click the icon to view the comparative income statement.) (Click the icon to view the additional balance sheet data. Read the requirements. Select the five ratios used to measure how a company is investing its money and whether it is using its assets efficiently select calculate each ratio for 2017 and 2018. (Enter the first four ratios as decimals rounded to two decimal places, X.XX, and the las hundredth percent, X.XX%. Abbreviations used: EPS = Earnings per share, ROA - Return on assets, ROE = Return on equity. Ratio Formula 2018 2017 Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All