Consider the following comparative income statement and additional balance sheet
Consider the following comparative income statement and additional balance sheet data for Classic Fashions, Inc.


Additional data follow:


Requirements
1. For 2011 and 2012, compute the five ratios that measure how the business is investing its money and whether it is using its assets efficiently. Round each ratio to two decimal places. Assume all sales on credit.
2. Did the company’s performance improve or deteriorate during2012?
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