requirements

a. Gross profit percentage

b. Operating income percentage

c. Rate of return on net sales

d. Rate of return on total assets

e. Rate of return on common stockholders' equity

f. Earnings per share of common stock

Compute six ratios that measure White Corporation's ability to earn profits. The company's comparative income statement follows. The data for 2015 are given as needed. (Click the icon to view the comparative income statement.) Did the company's operating performance improve or deteriorate during 2017? a. Calculate the gross profit percentage for 2016 and 2017 Identify the formula, then calculate the gross profit percentage. (Round the percentages to two decimal places, X.XX%.) = Gross profit percentage 2017 2016 2015 White Corporation Income Statement For the Years Ended December 31, 2017 and 2016 (amounts in thousands) 2017 2016 Sales revenues $ 172,240 $ 156,250 Less: Cost of goods sold 96,000 87,000 Gross profit 76,240 $ 69,250 Less: Operating expenses 46,000 41,000 Operating income 30,240 S 28,250 Less: Interest expense 9,500 10,500 Income before income taxes $ 20,740 $ 17,750 3,516 Less: Income tax expense 4,875 $ 17,224 S 12,875 Net income Additional data: 176,000 88,000 Total assets Common stockholders' equity Preferred dividends Common shares outstanding during the year 210,000 $ 98,000 $ 3,460 $ 18,600 198,000 $ 87,000 $ 3,460 $ 18,600 17,000