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Consider the following comparative income statement and additional balance sheet data for Classic Fashions, Inc. (Click the icon to view the comparative income statement.) (Click the icon to view the additional balance sheet data.) Read the requirements. 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.) Requirement 2. Did the company's performance improve or deteriorate during 2018? The company's performance during 2018 as shown by the in most, if not all, of the profitability measures from 2017 to 2018. Data table Data table Requirements 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 me whether it is using its assets efficiently. Round each ratio to two deci Select the five ratios used to measure how a company is investing it assets efficiently, select the corresponding formulas, and then calcul four ratios as decimals rounded to two decimal places, XXX, and th hundredth percent, XX%. Abbreviations used: EPS = Earnings pe on equity, ROS = Return on sales.) A mylab.pearson.com Formula Current assets / Current liabilities Quick assets / Current liabilities Cost of goods sold / Average inventory Cost of goods sold/Net credit sales Net income / Average common equity Net income / Average total assets Net income / Common shares outstanding Net income / Net sales Net credit sales / Average accounts receivable Sales / Average fixed assets Sales / Average total assets Sales / Net income Total assets / Total liabilities Total liabilities / Total assets

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