The financial statements of Evan Corporation follow (Click the icon to view the assets section of the balance sheet) (Click the icon to view the liabilities and stockholders' equity sections of the balance sheet) Calculate these profitability measures for 2018. Show each computation a. Rate of return on sales. b. Asset turnover ratio. * Data Table c. Rate of return on total assets d. Leverage (equity multiplier) ratio e. Rate of return on common stockholders' equity f. Is Evan's profitability strong, medium or weak (Click the icon to view the income statement) Evan Corporation Balance Sheet (Adpated) December 31, 2018 and 2017 a. Compute the rate of return on sales for 2018 (Enter currency amounts in millions as given in the question Ignore interest expense in your analysis and enter"0" for any zero balances Round your answer to the near Increase (Decrease) Amount Percentage ) Rate 2018 2017 - Data Table (Dollar amounts in millions) Liabilities and Stockholders' Equity Current liabilities: $ 954 $ 820 5 134 16,3% Data Table 52 84 (32) (38.1) Accounts payable Income tax payable Short-term debt Evan Corportion Balance Sheets (Adapted) December 31, 2018 and 2017 180 12.5 160 64 20 (5) 59 Other Increase (Decrease) Amount Percentage (78) 10.4 1,245 1.128 117 2018 2017 Total current liabilities (Dollar amounts in millions) 1741 60.3 Long-term debt 4,627 1,180 2,886 1,080 2017 Assets 100 9.3 Other liabilities Current assets: 7,052 5,094 1,958 38.4 8.900 4,600 990 $ Total liabilities Cash and cash equivalents $ 1.180 $ 164 46 190 19.2 % 118 256.5 (90) (37.5) Short-term investments 2 4,300 3,300 150 Evan Corporation Statements of Income (Adapted) Year Ended December 31, 2018 and 2017 (Dollar amounts in millions) 2018 Nel revenues $ 9,750 5 6,209 Cost of goods sold Gross profit 3,541 General and administrative expenses Income from operations 1,701 210 Interest expense, net Income before income taxes 1,491 711 Provision for income taxes 5 780 S Net income 240 Receivables, net 1.840 (79) 200.0 50 2 1.566 (110) Stockholders' equity: Common stock Retained earnings Accumulated other comprehensive (loss) Total stockholders' equity 150 214 100 (168) 1,700 (160) (134) 50 Inventories Prepaid expenses and other assets 31.3 382 1,000 190 (440) 1,542 1,458 (84) (5.4) 1,858 1,708 150 8.8 Total current assets 5 8.510 $ 6,636 $ 1,874 28 2% 3.420 1,362 39.8 810 240 Total liabilities and stockholders' equity 4.782 1,090 780 Property, plant, and equipment, net Intangible assets 808 282 34.9 570 700 80 11.4 Print Done Other assets S 8,510 S 6,636 $ 1,874 28.2 % Choose from Total assets 9:37 PM 6/22/2021 Print Done A 0 90F Rain coming 5 parts remaining w 9 R