Godhi€™s 2012 financial statements reported the following items-with 2011 figures given for comparison:

Requirement
1. Compute Godhi€™s rate of return on total assets and rate of return on common stockholders€™ equity for 2012. Do these rates of return look high orlow?

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GODHI Balance Sheet 2012 2011 $ 33,538 $ 29,562 Total assets Total liabilities 14,962 17,100 Total stockholders' cquity (all common) Total liabilities and equity 16,438 14,600 $ 33,538 $ 29,562 GODHI Income Statement $ 21,960 Net sales Cost of goods sold Gross profit Selling, administrative, and gencral expenses 7,900 $ 14,060 8,600 Interest expense All other expenses 210 1,360 $ 3,890 Net income