The following financial data are adapted from the annual reports of Bechuram Inc.: Bechuram Inc. Four-Year Select Financial Data Years Ended January 31, 2017, 2016, 2015, 2014 Operating Results Net Sales COGS (excluding depreciation and amortization) Interest Expense Income from Operations Net Earnings Cash Dividends Financial Position: Merchandise Inventory Total Assets Current Ratio Shareholders' Equity Average number of shares of common stock outstanding (in thousands) 2017 2016 2015 2014 $13,848 $13,673 $11,635 $9,054 9704 8599 6775 5318 109 75 45 46 338 1445 1817 1333 -8 877 1127 824 76 75 76 77 1677 7591 1.48:1 3010 1904 7012 0.95:1 2928 1462 5189 1.25:1 2630 1056 3963 1.20:1 1574 860 879 895 576 Compute the following ratios for 2015 through 2017 and evaluate Bechuram's operating EvE Av Ao Shareholders' Equity Average number of shares of common stock outstanding (in thousands) 3010 2928 2630 1574 860 879 895 576 Compute the following ratios for 2015 through 2017 and evaluate Bechuram's operating results. Are operating results strong or weak? Did they improve or deteriorate during the three year period? Your analysis will reveal a clear trend. a. Inventory turnover (assume occupancy expenses are included in cost of goods sold) b. Gross profit percentage c. Operating income (profit) percentage d. Return on sales e. Asset turnover f. Return on assets g. Leverage ratio h. Return on shareholders' equity 1. Times-interest-earned ratio j. Earnings per share Answer: 2017 2016 2015 Inuontoruturor Answer: 2017 2016 2015 a Inventory turnover b Gross Profit Percantage C Operating Income Percentage d Return on Sales e Asset Turnover f Return on assets 8 Leverage Ratio h Return on shareholders' equity Times-interest-earned ratio j Earnings per share Detailed calculations and analysis can be shown under