Problem 2 the following financial data are adapted from the annual reports of LUCKY Corporation ... Lucky Corporation Four-Year Selected Financial Data Years Ended December 31, 2020, 2019, 2018, 2017 ***** ********************** (in thousands) 2019 Operating results 2020 2018 2017 BER *** 13848 13673 11635 9054 Net sales Cost of goods sold and occupancy expenses excluding deprecaition and amortization Interest expense Net earnings (loss) Cash dividends .. 9704 109 -8 761 8599 751 877 751 6775 45 1127 761 5318 46 824 77 1462 5189 Financial Position ***** Merchandise inventory Total assets Current ratio Shareholder's equity Average number of orsinary shares outstanding **************** ***** 1677 7591 1.48:1 3010 860 1904 7012 0.95:1 2928 879 1056 3963 1.20:1 1574 576 ..................... ........... 1.25:1 2630 895 ... ************ CERERERE .. Requirement 1. Compute the following ratios for 2018 through 2020, and evaluate lmpeer's operating results Are operating results strong or weak? Did they improve or deteriorate during the three-year-period? your analysis will reveal a clear trend . a. gross profit margin b. net income as a percentage of sales c. earnings per share d. inventory turn over e. times interest earned ratio f. rate of return on shareholder's equity ..........................................................................! Problem 2 the following financial data are adapted from the annual reports of LUCKY Corporation ... Lucky Corporation Four-Year Selected Financial Data Years Ended December 31, 2020, 2019, 2018, 2017 ***** ********************** (in thousands) 2019 Operating results 2020 2018 2017 BER *** 13848 13673 11635 9054 Net sales Cost of goods sold and occupancy expenses excluding deprecaition and amortization Interest expense Net earnings (loss) Cash dividends .. 9704 109 -8 761 8599 751 877 751 6775 45 1127 761 5318 46 824 77 1462 5189 Financial Position ***** Merchandise inventory Total assets Current ratio Shareholder's equity Average number of orsinary shares outstanding **************** ***** 1677 7591 1.48:1 3010 860 1904 7012 0.95:1 2928 879 1056 3963 1.20:1 1574 576 ..................... ........... 1.25:1 2630 895 ... ************ CERERERE .. Requirement 1. Compute the following ratios for 2018 through 2020, and evaluate lmpeer's operating results Are operating results strong or weak? Did they improve or deteriorate during the three-year-period? your analysis will reveal a clear trend . a. gross profit margin b. net income as a percentage of sales c. earnings per share d. inventory turn over e. times interest earned ratio f. rate of return on shareholder's equity