Requirements White Co. Ltd Comparative income statement Requirement 1. Calculate the rates of return on net sales. (Round to one decimal place, X.X%.) 2016: 9.5 % for the years ended 31 December 2016 and 2015 (Dollars in thousands) 2016 2015 $ 176 000 $ 161 000 Net sales 2014 2015: 7.9 % Cost of sales 93 000 86 600 Requirement 2. Calculate the rates of return on total assets. (Round to one decimal place, X.X 2016: 13.1 % Selling and general expenses 46 800 41 100 Interest expense 9 100 10 900 2015: 12.9% Income tax expense 10 300 9 700 Requirement 3. Calculate the asset turnover ratios. (Round to two decimal places.) 16 800$ 12 700 Profit 2016: times Additional data: 2015: times Total assets $ 203 000 $ 193 000 $ 173 000 Enter your answer in the edit fields and then click Check Answer. Print Done 4 parts remaining Clear All Chec