E12-23A (similar to) Question Help The comparative income statements and additional data for Cavalier Decor Inc follow (Click the icon to view the comparative income statements.) Click the icon to view the additional data) Read the requirement Select the formula for each of the following component ratios, then calculate the ratios for 2018 and 2017 (Round ALL of your answers to three decimal places XXX, and do not enter in percentage format. Ignore interest expense in your analysis ) Ratio 2018 2017 ROS (Net income. Preferred dividends) / Net sales 09042 AT Net sales Average total assets 0 633 ROA Rate of return on net sales x Assel turnover Average total assets Average common stockholders' equity Rate of return on total assets (ROA) x Leverage ROE Choose from any list or enter any number in the input fields and then click Check Answer 2 parts 2 remaining Check Answer i Requirement 1. For 2018 and 2017, calculate return on sales, asset turnover, return on assets (ROA), leverage, return on common stockholders' equity (ROE), gross profit percentage, operating income percentage, and earnings per share to measure the ability to earn profits for Cavalier Decor, Inc. Perform a DuPont Analysis for ROA and ROE, and round each component ratio to three decimals places for other ratio computations, round to two decimals. Did the company's operating performance improve or deteriorate during 2018? Print Done Data Table Cavalier Decor, Inc. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 2017 Net sales $ 190,000 $ 240,000 Cost of goods sold 102,000 134.000 Gross profit 88,000 106.000 44.000 49.000 Selling and general expenses Income from operations 44.000 57.000 Interest expense 9.000 7.000 Income before income tax 35,000 50,000 Income tax expense 12,000 16,000 $ 23,000 $ 34.000 Net income Print Done m any list or enter any number in the input fields and then click Check Answer Our answers to three decimal places, X.XXX, and do not enter in percentage format Ignole interes nalysis) i X - Data Table 2016 250,000 Total assets. Common stockholders' equity Preferred dividends Average common shares outstanding during the year $ S $ 2018 300.000 $ 104.000 $ 15,000 S 2017 270,000 $ 103,000 $ 14,000 $ 3,000 24.000 23.000 22.000 Print Done