changes in

Changes in Various Ratios Selected information follow for Bush Company: 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 $700,000 $520,000 407,700 310,000 22,000 14,000 6,500 5,100 30,000 20,300 29,500 26,500 42,000 25,000 182,000 128,000 225,000 180,000 205,000 165,000 460,000 350,000 Required Calculate the following ratios for 2019. The 2018 results are given for comparative purposes. Round answers to one decimal place. Use 365 days in a year. 2019 2018 40.496 6.596 3.996 14.296 1. Gross profit percentage 2. Return on assets 3. Return on sales 4. Return on common stockholders' equity (no preferred stock was outstanding) 5. Accounts receivable turnover 6. Average collection period 7. Inventory turnover 8. Times-interest-earned ratio 9. Operating-cash-flow-to-capital-expenditures ratio 4.8 days 76.5 days 2.1