Question 5 (2 marks] The following financial data are adapted from the annual reports of Bechuram Inc: Bechuram Inc. Four-Year Select Financial Data Years Ended January 31, 2017, 2016, 2015,2014 Operating Results 2017 2016 2015 2014 Net Sales $13,848 $13,673 $11,635 $9,054 COGS (exduding depreciation and amortization) 9704 B599 6775 5318 Interest Expense 109 75 45 46 Income from Operations 338 1445 1817 1333 Net Earnings 19 877 1127 B24 Cash Dividends 76 CH IND 77 Financial Position: Merchandise inventory 1677 1904 7462 1056 Total Assets 7591 7012 5189 3963 Current Rato 1.45:1 0.95.1 1253 3010 3925 2574 Shareholders Equity Average number of shares of common seck outstanding in thousands 879 ses 576 Compute the following ratios for 2015 through 2017 and evaluate Bechuram's operating results. Are operating results strong or weak? Did they improve or deteriorate during the three year period? Your analysis will reveal a clear trend. a. Inventory turnover (assume occupancy expenses are included in cost of goods sold) b. Gross profit percentage c. Operating income (profit) percentage d. Return on sales e. Asset turnover f. Return on assets g. Leverage ratio h. Return on shareholders' equity i. Times-interest-earned ratio j. Earnings per share Answer: 2017 2016 2015 a Inventory turnover bGross Profit Percantage C Operating Income Percentage Return on Sales Asset Turnover f Return on assets 13 Leverage Ratio 1 Return on shareholders equity Times-interest-earned ratio Earnings per shere Detailed calculations and analysis can be shown under