Presented below is selected information for Turner Company:

Required

a. Calculate the following ratios for 2019. The 2018 results are given for comparative purposes.

b. Comment on the changes between the two years.

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Sales revenue.. Cost of goods sold Interest expense... Income tax expense. Net income..... Cash flow from operating activities. Capital expenditures.... Accounts receivable (net), December 31 Inventory, December 31.. Stockholders' equity, December 31 Total assets, December 31... 2019 2018 $950,000 $850,000 575,000 545,000 20,000 20,000 27,000 30,000 65,000 55,000 70,000 60,000 45,000 45,000 126,000 120,000 196,000 160,000 450,000 400,000 750,000 675,000