Click to watch the Tell Me More Learning Objective $5$ video and then answer the questions below.

Starlight Company had the following data taken from its most recent financial statements:

Sales

Interest expense

Net income

Total average assets

Total average liabilities

Total average stockholders' equity

$$3,200,000$

$56,000$

$500,000$

$2,000,000$

$1,200,000$

$800,000$

Based on these data, calculate Starlight Company's return on total assets.

a$.8\%$

b$.12\mathrm{.}5\%$

c$.27\mathrm{.}8\%$

d$.20\mathrm{.}5$

$2.$ Starlight Company had the following data taken from its most recent financial statements:

Sales

Interest expense

Net income

Total average assets

Total average liabilities

Total average stockholders' equity

$$3,200,000$

$56,000$

$500,000$

$2,000,000$

$1,200,000$

$800,000$

Based on these data, calculate Starlight Company's return on stockholders' equity.

a$.2\%$

b$.32\mathrm{.}3\%$

c$.62\mathrm{.}5\%$

d$.26\mathrm{.}5$