Waldorf Fashions, Inc. Income Statement Years Ended December 31, 2018 and 2017 2018 2017 228,000 $ $ Net sales 298,000 135,000 149,000 Cost of goods sold Gross profit 93,000 149,000 60,000 58,000 Selling and general expenses Income from operations 35,000 89,000 3,000 3,600 Interest expense Income before income tax 32,000 85,400 11,000 8,000 Income tax expense 21,000 $ $ 77,400 Net income 2018 2017 2016 Accounts receivable 26,000 21,000 22,000 Inventory 13,500 18,900 15,900 43,000 Total current assets 42,400 41,900 Fixed assets. . 270,500 230,000 190,000 313,500 $ 272,400 $ 231,900 Total assets. . 1. For 2017 and 2018, compute the five ratios that measure how a business is investing its money and whether it is using its assets efficiently. Round each ratio to two decimal places. Assume all sales are on credit 2. Did the company's performance improve or deteriorate during 2018? Requirement 1. For 2017 and 2018, compute the five ratios that measure how a business is investing its money and whether it is using its assets efficiently. Round each ratio to two decimal places. Assume all sales are on credit. Select the five ratios used to measure how a company is investing its money and whether it is using its assets efficiently, select the corresponding formulas, and then calculate each ratio for 2017 and 2018. (Enter the first four ratios as decimals rounded to two decimal places, X.XX, and the last ratio as a percentage to the nearest hundredth percent, X.XX%. Abbreviations used: EPS = Earnings per share, ROA = Return on assets, ROE = Return on equity, ROS = Return on sales.) Ratio 2018 2017 Formula % %