1. Return on Assets 2. Assets turnover 3. Time interest earned 4. Working capital 5. Debt to asset Ratio . B. Based on the ratios calculated in (a) Discuss briefly the improvement or lack thereof in financial position and operating results from 2018 to 2019 of Rose corporation

The financial statements of Rose Corporation appear below: Rose Corporation Comparative Balance Sheets December 31, 2018 - 19 Assets Cash Short-term investments Accounts receivable (net) Inventory Property, plant and equipment (net) Total assets 2019 $600,000 600,000 1,200,000 1,800,000 7,800,000 $12.000.000 2018 $1,200,000 1,800,000 900,000 2,100,000 2,000,000 $15.000.000 Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $600,000 1,200,000 2,400,000 4,500,000 3.300.000 $12.000.000 $ 900,000 2,700,000 4,800,000 4,500,000 2,100,000 $15.000.000 Rose Corporation Income Statement For the Year Ended December 31, 2019 $12,000,000 7.500.000 4,500,000 Net sales Cost of goods sold Gross profit Expenses Operating expenses Interest expense Total expenses Income before income taxes Income tax expense Net income $1,260,000 540.000 1.80.000 2,700,000 810,000 $ 1.890.000 Required: (a) Using the financial statements, compute the following ratios for Rose Corporation for 2019. Show all computations