PART B: At the beginning of 2019, the Buckeye Corporation added a new product line to its production and sales. Buckeyes Balance Sheet and Income Statement are provided in the Homework 4 Student Workbook in the worksheet titled Part B Financials.

Required:

Calculate the following ratios for both 2019 and 2018. Do not retype the amounts used in the ratios (instead refer to the appropriate cells from the provided balance sheet and income statement). Round your answers to 3 decimal places. In 2-3 sentences each, discuss your interpretation of the change in each ratio across the two years, considering the addition of a new product line. Put your answers in the worksheet titled Part B Answer. Use a separate textbox for your discussion of the change in each ratio.

1. Total Asset Turnover (Net Sales/Average Total Assets)

2. Gross Profit Margin (Gross Profit/Net Sales)

3. Net Profit Margin (Net Income/Net Sales)

4. Return on Assets (ROA) (Net Income/Average Total Assets)

Total assets were $750,000 on December 31, 2017.