Homework: Chapter 12 Homework Sa 5 of 6 (4 complete) HW Score: 31.02%, 31.02 of 100 Score: 0 of 25 pts E12-23A (similar to) Question Help The comparative income statements and additional data for Rolling Hills Decor, Inc., follow: Click the icon to view the comparative income statements.) (Click the icon to view the additional data.) Read the requirement. Select the formula for each of the following component ratios, then calculate the ratios for 2018 and 2017. (Round ALL of your answers to three decimal places, X.XXX, and do not enter in percentage format. Ignore interest expense in your analysis.) Ratio Formula 2018 2017 ROS AT ROA ROE HomeWork! Chapter 12 Homework Save Score: 0 of 25 pts 5 of 6 (4 complete) HW Score: 31.02%, 31.02 of 100 pts E12-23A (similar to) Question Help The comparative income statements and additional data for Rolling Hills Decor, Inc., follow: : (Click the icon to view the comparative income statements.) 3 (Click the icon to view the additional data.) Read the requirement. Select the formula for each of the following component ratios, then calculate the ratios for 2018 and 2017. (Round ALL of your answers to three decimal places, X.XXX, and do not enter in percentage format. Ignore interest expense in your analysis.) Ratio - X 2018 2017 ROS AT Data Table ROA ROE 0 Data Table 2017 240,000 134,000 Rolling Hills Decor, Inc. Comparative Income Statements Years Ended December 31, 2018 and 2017 2018 Net sales $ 190,000 $ 102,000 Cost of goods sold Gross profit 88,000 44,000 Selling and general expenses Income from operations 44,000 Interest expense 9,000 Income before income tax 35,000 12,000 Income tax expense $ 23,000 $ Net income 106,000 49,000 2018 300,000 $ 104,000 $ 15,000 $ Total assets.... .. $ Common stockholders' equity ......... $ Preferred dividends .................$ Average common shares outstanding 2017 270,000 $ 103,000 $ 14,000 $ 2016 250,000 102,000 3,000 57,000 7,000 50,000 16,000 during the year ....... 24,000 23,000 22,000 34,000 Print Done Choose from an Print Done parts remaining Clear All Check