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. The comparative income statements and additonal data for Grange Decor, Inc., follow: EEE (Click the icon to view the comparative income statements.) E (Click
. The comparative income statements and additonal data for Grange Decor, Inc., follow: EEE (Click the icon to view the comparative income statements.) E (Click the icon to view the additional data.) Read the requirement Select the foula for each of the followng component ratios, then calculate the ratios for 2018 and 2017. (Round ALL of your answers to three decimal places, X.xxx, and do not enter in percentage forrmat. Ignore interest expense in your analysis.) Formula 2017 Data Table ROS AT ROA Grange Decor, Inc. Comparative Income Statements Years Ended December 31, 2018 and 2017 ROE 2018 2017 Net sales Cost of goods sold Gross profit Selling and general expenses Income from operations Interest expense Income before income tax Income tax expense Net income S 250,000 S 199,000 123,000 102,000 127,000 97,000 55,000 51,000 72,000 46,000 18,000 58,000 28,000 10,000 S 38,000 S 18,000 Data Table 2017 S 310,000 S 305,000 $ 300,000 S 196,000 194,000 $192,000 2018 2016 Total assets Common stockholders' equity Preferred dividends Average common shares outstanding 14,000 2,000 $ 1,000$ 20,000 during the year 15,000 14,000 13,000
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