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Data Table Prairies Decor, Inc. Comparative Income Statements Years Ended December 31, 2018 and 2017 b nc 2018 2017 Net sales $ 250,000 $ 199,000 123,000 102,000 127,000 55,000 97,000 51,000 Cost of goods sold Gross profit Selling and general expenses Income from operations Interest expense Income before income tax Income tax expense 72,000 14,000 46,000 18,000 58,000 20,000 28,000 10,000 Net income 38,000 $ 18,000 Print Done Ip- Data Table 2016 Total assets 2018 2017 310,000 $ 305,000 $ 196,000 $ 194,000 $ 2,000 $ 1,000 $ 300,000 192,000 $ 0 Common stockholders' equity Preferred dividends Average common shares outstanding during the year 15,000 14,000 13,000 Print Done - Requirement 1. For 2018 and 2017, calculate return on sales, asset turnover, return on assets (ROA), leverage, return on common stockholders' equity (ROE), gross profit percentage, operating income percentage, and earnings per share to measure the ability to earn profits for Prairies Decor, Inc. Perform a DuPont Analysis for ROA and ROE, and round each component ratio to three decimals places; for other ratio computations, round to two decimals. Did the company's operating performance improve or deteriorate during 2018? Print Done an Score of The comparative income talents and action to wes Decor, in follow Click the bos in view the comparative intents) che con to view the additional data) Heather feled the forma tor each of the folown componentation, then calle serate to 2016 and 2017 (Round All of your answers to we decimal taon XXX and do not enter in percentage tomu promet Fomula 2018 2017 Rao ROS AT ROA L ROE Formula 2018 2017 - tio OS T Average total assets/ Average common stockholders' equity DA Cash + Short-term investments + Net current receivables / Current liabilities DE Current assets / Current liabilities Gross profit / Net sales Income from operations / Net sales (Net income - Preferred dividends) / Net sales (Net income - Preferred dividends) / Average number of common shares outstanding Net sales / Average total assets ose fro Rate of return on net sales x Asset turnover Help N Rate of return on total assets (ROA) x Leverage analysis.) following component ratios, then calculate the ratios for 2018 and 2017. (Round ALL of your answers Ratio Formula 2018 ROS 2017 AT Current assets / Current liabilities ROA L Gross profit / Net sales Income from operations / Net sales ROE (Net income - Preferred dividends) / Net sales (Net income - Preferred dividends) / Average number of common shares outstanding Net sales / Average total assets Rate of return on net sales x Asset turnover Rate of return on total assets (ROA) Leverage Choose fro Total assets / Total liabilities Help Total liabilities / Total assets

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