Question: Exercise 18-8 Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. 2017 2016 Net
Exercise 18-8 Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. 2017 2016 Net sales $757,000 $722,500 Cost of goods sold 481,000 441,500 Interest expense 6,800 4,000 Net income 52,000 38,500 Accounts receivable 123,500 108,500 Inventory 89,900 73,000 Total assets 575,000 501,000 Total common stockholders' equity 431,900 321,500 Compute the following ratios for 2017. (Round answers to 1 decimal place, e.g. 1.6, or 1.69.) Profit margin % Asset turnover times Return on assets % Return on common stockholders' equity % Click if you would like to show Work for this question: Open Show Work
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