The financial statements of Farmer Corporation follow: (Click the icon to view the assets section of the balance sheet.) Calculate these profitability measures for 2018. Show each computation. a. Rate of return on sales b. Asset tumover ratio. c. Rate of return on total assets. d. Leverage (oquity multiplier) ratio. e. Rate of return on common stockholders' equity. f. Is Farmer's profitability strong, medium, or weak? i Data Table Farmer Corportion Balance Sheets (Adapted) December 31, 2018 and 2017 , st expense in your analysis and enter "O" for any zero balances. Round your answer to the nearest tenth of a percent, Increase (Decrease) Amount Percentage 2018 2017 $ 990 $ 190 1,180 S 164 46 118 19.2 % 256.5 (37.5) 150 240 (90) (Dollar amounts in millions) Assets Current assets: Cash and cash equivalents Short-term investments - Receivables, net Inventories Prepaid expenses and other assets Total current assets Property, plant, and equipment, net Intangible assets Other assets 150 50 100 200.0 214 382 (168) (44.0) 1,858 1.708 150 8.8 3,420 39.8 4,782 1,090 808 1,362 282 80 34.9 780 700 ? 11.4 $ 8,510 S 6,636 $ 1,874 Total assets 28.2 %. ar All Check Answer The financial statements of Farmer Corporation follow i Data Table Calculate these profitability measures for 2018. Show each computation. a. Rate of return on sales. b. Asset tumover ratio. c. Rate of return on total assets d. Leverage (equity multiplier) ratio, e. Rate of return on corriron stockholders' equity. f. Is Farmer's profitability strong, medium, or weak? Farmer Corporation Balance Sheet (Adpated) December 31, 2018 and 2017 est expense in your analysis and enter "O" for any zero balances. Round your answer to the nearest tenth of a percent, Increase (Decrease) Amount Percentage 2018 2017 as (Dollar amounts in millions) Llabilities and Stockholders' Equity Current liabilities: Accounts payable Income tax payable Short-term debi $ 954 S 820 S 134 16.3% (38.1) 52 84 (32) 180 160 12.5 59 64 Other 20 (5) 117 (7.8) 1,245 1,128 10.4 Total current liabilities Long-term debt 60.3 4,627 1,180 2,886 1,080 1,741 100 Other liabilities 9.3 7,052 5,094 1,958 38.4 Total liabilities Stockholders' equity Common stock ? 2 2 lear All Check Answer Print Done The financial statements of Farmer 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.) (Click the icon to view the income statement.) Calculate these profitability measures for 2018. Show each computation. a. Rate of return on sales. b. Asset tumover ratio. G. Rate of return on total assels. d. Leverage (equity multiplier) ratio. e. Rate of return on common stockholders' equity. f. Is Famer's profitability strong, medium, or weak? Data Table a. Co X.XX question. Ignore interest expense in your analysis and enter "O" for any zero balances. Round your answer to the nearest tenth of a percent, Rate of return on sales % 2017 8,900 4,600 Farmer Corporation Statements of Income (Adapted) Year Ended December 31, 2018 and 2017 (Dollar amounts in millions) 2018 Net revenues $ 9,750 $ 6,209 Cost of goods sold Gross profit 3,541 General and administrative expenses 1,840 Income from operations 1.701 Interest expense, net 210 Income before income taxes 1,491 711 Provision for income taxes $ 780 $ Net Income 4,300 3,300 1,000 190 810 240 570 Choog 5 p Clear All Print rer Check Answer Done