Please help me in part B, step by step. Thanks 201835.9%1.Gross profit percentage8.3%2.Return on assets6.5%3.Return on salesReturn on common stockholders' equity(no preferred stock was outstanding)Accounts receivable turnover.13.9%8.004.5.Average collection period.Inventory turnover.Times-interest-earned ratio45.6 day6.3.617.5.258.1.339.Operating-cash-flow-to-capital-expenditures ratio .Comment on the changes between the two years. % are considered very good.)considered good for manu-analysis.P14-5A. Changes in Various Ratios Presented below is selected information for Turner Company:Sales revenue.Cost of goods soldInterest expense.Income tax expenseNet income...Cash flow from operating activities.Capital expenditures...Accounts receivable (net), December 31Inventory, December 31..Stockholders' equity, December 31Total assets, December 31.20192018$950,000575,00020,00027,00065,00070,00045,000126,000196,000450,000750,000$850,000545,00020,00030,00055,00060,00045,000120,000160,000400,000675,000RequiredCalculate the following ratios for 2019. The 2018 results are given for comparative purposes.а.

Return on assets ratio shows the net income earned by the company on the basis of assets employed…

2018 35.9% 1. Gross profit percentage 8.3% 2. Return on assets 6.5% Return on sales 3. Return on common stockholders' equity (no preferred stock was outstanding). Accounts receivable turnover. ... 4. 13.9% .... 8.00 5. Average collection period. Inventory turnover. 8. Operating-cash-flow-to-capital-expenditures ratio. 45.6 da 6. 3.61 7. 5.25 ..... Times-interest-earned ratio 1.33 ... 9. Comment on the changes between the two years.

2018 35.9% 1. Gross profit percentage 8.3% 2. Return on assets 6.5% Return on sales 3. Return on common stockholders' equity (no preferred stock was outstanding). Accounts receivable turnover. ... 4. 13.9% .... 8.00 5. Average collection period. Inventory turnover. 8. Operating-cash-flow-to-capital-expenditures ratio. 45.6 da 6. 3.61 7. 5.25 ..... Times-interest-earned ratio 1.33 ... 9. Comment on the changes between the two years.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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