(similar to) . i Data Table ng comparative income statement and additional balance sheet data for Laura Fashions, Ind view the comparative income statement.) 3 (Click the icon to view the additional bala Data Table - X 2017 2018 2017 2016 267,000 154,000 Inventar ........ Accounts receivable................. 23,000 16,000 21,000 Inventory. 11,500 17,000 14,400 Total current assets ............... 37,000 37,500 41,400 Fixed assets ............. 251,200 225,500 220,000 Total assets....... .......$ 288,200 $ 263,000 $ 261,400 Laura Fashions, Inc. Income Statement Years Ended December 31, 2018 and 2017 2018 Net sales 236,000 $ Cost of goods sold 130,000 Gross profit 106,000 Selling and general expenses 60,000 Income from operations 46,000 Interest expense 3,600 Income before income tax 42,400 Income tax expense 12,000 30,400$ Net income 113,000 70,000 43,000 1,400 Print [ Done Print Done 41,600 5,000 36,600|| in .. Consider the following comparative income statement and additional balance sheet data for Laura Fashions, Inc. (Click the icon to view the comparative income statement.) 5 (Click the icon to view the additional balance sheet data.) Read the requirements. Requirement 1. For 2017 and 2018, compute the five ratios that measure how a business is investing its money and whether it is using its assets efficiently. Round each ratio to two decimal places. Assume all sales are on credit. Select the five ratios used to measure how a company is investing its money and whether it is using its assets efficiently, select the corresponding formulas, and then calculate each ratio for 2017 and 2018. (Enter the first four ratios as decimals rounded to two decimal places, X.XX, and the last ratio as a percentage to the nearest hundredth percent, X.XX%. Abbreviations used: EPS = Earnings per share, ROA = Return on assets, ROE = Return on equity, ROS = Return on sales.) 2017 Ratio Accounts receivable turnover Formula Net credit sales / Average accounts receivable 2018 12.10 9.12 0.99 Inventory turnover Fixed asset turnover Total asset turnover ROA Cost of goods sold / Average inventory Sales / Average fixed assets Sales / Average total assets Net income / Average total assets