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

Additional data follow:

Requirements
1. For 2015 and 2016, 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 are on credit.
2. Did the company’s performance improve or deteriorate during 2016?

Caitlin Richardson Fashions, Inc. Income Statement Years Ended December 31, 2016 and 2015 2016 2015 $302,000 Net Sales $305,000 139,000 Cost of Goods Sold 153,000 Gross Profit 166,000 149,000 Selling and General Expenses Income From Operations Interest Expense 73,000 65,000 93,000 84,000 4,000 1,000 83,000 Income Before Income Tax 89,000 Income Tax Expense 26,000 22,000 $ 63,000 $ 61,000 Net Income 2014 2016 2015 Accounts receivable Inventory. . Total current assets Fixed assets Total Assets .. 21,000 18,000 41,500 225,000 $312,000 $268,000 $265,000 30,000 27,000 13,000 47,000 265,000 15,000 46,000 221,000