Calculating the Average Total Assets and the Return on Assets The income statement, statement of retained earnings, and balance sheet for Santiago Systems are as follows:Santiago SystemsIncome StatementFor the Year Ended December $31,20$X$2$ Amount PercentNet sales$$5,345,000100\mathrm{.}0\%$Less: Cost of goods sold$(3,474,250)65\mathrm{.}0$ Gross margin$$1,870,75035\mathrm{.}0$ Less: Operating expenses$(1,140,300)21\mathrm{.}3$ Operating income$$730,45013\mathrm{.}7$ Less: Interest expense$(27,000)0\mathrm{.}5$ Income before taxes$$703,45013\mathrm{.}2$ Less: Income taxes $(40\%)*(281,380)5\mathrm{.}3$ Net income$$422,0707\mathrm{.}9*$ Includes both state and federal taxes. Tap the table to full screen Santiago SystemsStatement of Retained EarningsFor the Year Ended December $31,20$X$2$Balance, beginning of period$$1,205,500$Net income$422,070$Total$$1,627,570$Preferred dividends$(40,000)$Dividends to common stockholders$(150,000)$Balance$,$ end of period$$1,437,570$Tap the table to full screen Santiago SystemsComparative Balance SheetsAt December $31,20$X$1$ and $20$X$220$X$120$X$2$AssetsCurrent assets:Cash$$1,900,000$ $$2,100,000$Marketable securities$350,000400,000$Accounts receivable $($net$)625,000675,000$Inventories$230,000240,000$Other$50,00050,000$ Total current assets$$3,155,000$ $$3,465,000$Property and equipment:Land$$900,000$ $$900,000$Building and equipment $($net$)1,240,8001,192,800$ Total long$-$term assets$$2,140,800$ $$2,092,800$Total assets$$5,295,800$ $$5,557,800$Liabilities and Stockholders' EquityCurrent liabilities:Notes payable, short term$$247,300$ $$256,230$Accounts payable$240,000250,000$Current maturity of long$-$term debt$3,0004,000$Accrued payables$150,000160,000$ Total current liabilities$$640,300$ $$670,230$Long$-$term liabilities:Bonds payable, $9\%300,000300,000$ Total liabilities$$940,300$ $$970,230$Stockholders' equity:Preferred stock, $$25$ par, $8\%$$$500,000$ $$500,000$Common stock, $$1\mathrm{.}00$ par$150,000150,000$Additional paid$-$in capital$*2,500,0002,500,000$Retained earnings$1,205,5001,437,570$ Total stockholders' equity$$4,355,500$ $$4,587,570$Total liabilities and stockholders' equity$$5,295,800$ $$5,557,800*$ For common stock only. Tap the table to full screenAssume a tax rate of $40\%\mathrm{.}2.$

$$Calculat the return on sales. Round your answer to two decimal places.

$$ Calculate the average total assets.

$$ Calculate the return on assets. Round your answer to two decimal places.

$$ Calculate the average common stockholders equity.

$$ Calculate the return on stockholders equity. Round your answer to two decimal places.

$$ Compute the number of common shares.

$$ Compute earnings per share. Round your answer to two decimal places.