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w veiow are comparative balance sheets and an income statement for Claret Corporation (30 Points, 5 ea.) Claret Corpoation Balance Sheots-2015 Claret Corpoation lncome Statement

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w veiow are comparative balance sheets and an income statement for Claret Corporation (30 Points, 5 ea.) Claret Corpoation Balance Sheots-2015 Claret Corpoation lncome Statement Dec. 31 S 15.600 Jan. 1 S 15600 37,700 36.400 66.300 $156,000 28,600 For the vear ended 2015 Cash Accounts receivable Inventory Equipment (net) Sales $228800 (137.540) S91.260 O5.868) S 15.392 O.100) 46,800 32.500 57.200 S152.100 26,000 Cost of goods sold Gross profit on sales Operating expenses Operating income Interest expense and income taxes Net income Accounts payable Dividends payable Long-term note payable Capital stock, $5 par Retained earnings 7,800 14,300 3,900 6.292 14,300 72.800 31.200 S152.100 72,800 36.400 $156.000 All sales were made on account. Cash dividends declared during the year totaled AED 11492 8a. Refer to the information above. Claret Corporation's return on assets for 2015 rounded to the nearest tenth of a percent is: % 8b. Claret Corporation's return on common stockholders' equity for 2015, rounded nearest tenth of a percent, is: % to the 8c. Claret Corporation's accounts receivable turnover for 2015 to the nearest one decima Times. 8d. The average number of days to collect accounts receivable for 2015 to the nearest decimal is: days 8e. Claret Corporation's inventory turnover for 2015 to the nearest one decimal is: 8f. Claret Corporation's gross profit rate for 2015 to the nearest one decimal is

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