ilar to) nts of Evan Corporation follow Data Table - Data Table e Evan Corporation Balance Sheet (Adpated) December 31, 2018 and 2017 Evan Corportion Balance Sheets (Adapted) December 31, 2018 and 2017 Increase (Decrease) te on (Dollar amounts in millions) 2018 2017 Amount Percentage come Increase (Decrease) Amount Percentage (Dollar amounts in millions) 2018 2017 30 Liabilities and Stockholders' Equity Current liabilities: Assets asset Accounts payable $ 954 $ 820 $ 134 16.3 % Current assets: 52 Income tax payable sales 84 (32) Cash and cash equivalents $ 1,180 $ 990 $ 190 19.2 % (38.1) 12.5 180 Short-term debt 160 20 750 Short-term investments 164 46 118 59 64 (5) (7.8) 150 Other e rate of Receivables, net 256.5 (37.5) 2000 240 (90) 1,245 1,128 117 Inventories 150 100 Total current liabilities 10.4 turn on 50 382 214 (168) Long-term debt 1,741 60.3 (440) 0 Prepaid expenses and other assets 4,627 1,180 2,886 1,080 100 1,858 1,708 150 8.8 Other liabilities 9.3 ne leveral 7,052 5,094 1.958 Total current assets Property, plant, and equipment, net Intangible assets 4,782 3,420 1,362 39.8 38.4 Total liabilities 282 34/9 Stockholders' equity: 1,090 780 808 700 80 11.4 Common stock 2 Other assets 6,636 $ 8,510 $ 1,874 Retained earnings $ (134) (7.9) Total assets 28.2 % 1,566 (110) 1,700 (160) 50 Accumulated other comprehensive (loss) 31.3 1.458 1,542 (84) Total stockholders' equity (5.4) Print Done $ 8.510 $ 6,636 $ 1,874 Total liabilities and stockholders equity 28.2 % Tom any list or enter any number in the input fields and then click Check Answer Print Done S12-9 (similar to) The financial statements of Evan Corporation follow (Click the icon to view the assets section of the balance sheet) (Click the icon to view the liabilities and stockholders' equity sections the ba ance sheet) Calculate these profitability measures for 2018. Show each cor a. Rate of return on sales b. Asset turnover ratio. Rate of return on total assets. d. Leverage (equity multiplier) ratio. e. Rate of return on common stockholders' equity f. Is Evan's profitability strong, medium, or weak? c. (Click the icon to view the income statement.) a. Compute the rate of return on sales for 2018. (Enter currency amounts in millions as given in the question. Ignore interes est tenth of a Data Table Net income Preferred dividends ) Net sales Rate of return on sales ( $ 780 $ 0 )/ $ 9,750 8.0 % b. Compute the asset turnover ratio for 2018. (Enter currency amounts in millions as given in the question. Round average XXXX.) Net sales 1 Average total assets Asset turnover ratio Evan Corporation Statements of Income (Adapted) Year Ended December 31, 2018 and 2017 $ 9.750 1 $ 7,573 1.287 (Dollar amounts in millions) 2018 2017 c. Compute the rate of return on total assets for 2018. (Enter any ratios to three decimal places, X.XXX, and enter percenta Net revenues $ Rate of return on sales Asset turnover ratio Rate of return on total assets 9.750 $ 6,209 8.900 4,600 Cost of goods sold 8.0 % 1.287 10.3 % Gross profit d. Compute the leverage (equity multiplier) ratio for 2018. (Abbreviation used: SE = stockholders' equity Enter currency am 3,541 1.840 4,300 3.300 General and administrative expenses Leverage ratio Income from operations 1,000 1,701 210 Interest expense net 190 Income before income taxes 1.491 810 Provision for income taxes 711 240 S 780 $ 570 Net income Print Done Choose from any list or enter any number in the input fields and then click Check