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Gross profit percentage . . . . . . . . . . . . . . . . . . . . . .

Gross profit percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.9 percent Return on assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.3 percent Return on sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.5 percent Return on equity (no preferred stock was outstanding) . . . . . . . . . . . . . . . . . . . . . . . 13.9 percent Accounts receivable turnover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.00 Average collection period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45.6 days Inventory turnover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.61 Times-interest-earned ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.25 Operating-cash-flow-to-capital-expenditures ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.33 b. Comment on the changes between the two years.

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