During the current year, Will Company had net sales of $176,000 and net income of $18,000. Will

Question:

During the current year, Will Company had net sales of $176,000 and net income of $18,000. Will Company’s stockholders’ equity was $70,000 and $80,000 at the beginning and end of the year, respectively. Compute the profit margin and return on stockholders’ equity of Will Company for the current year.