From the Balance Sheet and Income Statement Information below, calculate the following ratios:

Blank 1 Return on Sales

Blank 2 Current Ratio

Blank 3 Inventory Turnover - If there are no beginning inventory or ending inventory figures, then use the Merchandise Inventory figure.

XYZ INC.

Income Statement

Year Ended December 31, 2018

Net Sales Revenue

$23,680

Cost of Goods Sold

8,375

Gross Profit

15,305

Operating Expenses

7,925

Operating Income

7,380

Interest Expense

255

Income Before Taxes

7,125

Income Tax Expense

2,740

Net Income

$4,385

XYZ INC.

Balance Sheet

December 31, 2018

Assets

Current Assets

Cash

$2,094

Accounts Receivable

1,611

Merchandise Inventory

1,060

Prepaid Expenses

2,120

Total Current Assets

6,885

Long-Term Assets

15,737

Total Assets

$22,622

Liabilities

Current Liabilities

$8,467

Long-Term Liabilities

3,792

Total Liabilities

12,259

Stockholders' Equity

Common Stock

4,363

Retained Earnings

6,000

Total Stockholders' Equity

10,363

Total Liabilities & Stockholders' Equity

$22,622