Question 11 60 pts Problem 1. Instructions: You will need to show your work to receive a full credit; you are able to receive a partial credit. For each ratio listed identify whether the change in ratio value from 2016 to 2017 is regarded as favorable or unfavorable and briefly explain why (follow the example). Ratio 2017 2016 Favorable or Unfavorable Why? Profit Margin 6% 8% Unfavorable The company's ability to earn income from sale declined. 1. Gross Margin 4896 36% 2. Basic earnings $6 per share $5 3.Inventory 3.8 Turnover 4.1 Edit View Insert Format Tools Table T