Score: 0 of 5 pts 8 of 174 complete HW Score: 16.36%, 16.36 of 100 pts Study Plan S17-9 (book/static) Question Help Results Acos Companies a home improvement store chain reported the folowing summased for Pearson Text Click the icon to view the income statement) Click the icon to view the batance sheets Ko'shas 10,000 common shares outstanding during 2018 Multimedia Read the rements Chapter Resol Requirement 1. Compute the profit margin ratio for Accel's Companies for 2018 Dynamic Stud Begin hy selecting the formula to cut Accu's Companies' prott margin rato. Then enter the amounts and calculate the profit margin ratio for 2018. (Round your Modules answer to one of a percent XXX Communicat Profit margin ratio ED Choose from any drop-down list and then click Check Answer parts 8 remaining Clear Check Answer Income Statement X mies, a home improve con to view the income _000 common shares ou irements 1. Compute the profit me cting the formula to calcu tenth of a percent, XX 2017 margin ratio for 2018. (Round your Accel's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 Net Sales Revenue 40,600 S Cost of Goods Sold 28,400 Interest Expense 600 All Other Expenses 4.300 S 7,300 $ Net Income 40,500 30,600 570 8.200 1,130 many drop-down list and Print Done 10 Check Answer i Balance Sheets 2018 2017 2018 2017 Cash 2,400 $ 28,000 7,500 13,200 10,300 23,500 und your Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets 6.900 8,000 900 Total Current Liabilities 28,000 $ 9,000 Long-term Liabilities 13.900 5,200 Total Liabilities 41,900 8,600 Stockholders' Equity 1,500 Common Stock 11,000 25,200 Retained Earnings 29,900 29.000 Total Equity 40,900 54,200 82,800 $ Total Liabilities and Equity 11,000 19,700 52,800 30,000 30,700 S Total Assets 82,800 $ 54,200 Print Done dos 1 rements Requirements 1. Compute the profit ting the formula to cald tenth of a percent, X fnargin ratio for 2018. (F 1. Compute the profit margin ratio for Accel's Companies for 2018. 2. Compute the rate of return on total assets for 2018. 3. Compute the asset turnover ratio for 2018 4. Compute the rate of return on common stockholders' equity for 2018. 5. Are these rates of retum strong or weak? Explain your reasoning Print Done many drop-down list and then click Check Answer. ng Clear All Check