Exercise 18-8 Your answer is partially correct. Try again. Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. Net sales Cost of goods sold Interest expense Net income Accounts receivable Inventory Total assets Total common stockholders' equity 2017 $760,000 481,500 6,300 50,000 117,500 89,600 581,600 431,300 2016 $723,500 441,000 6,000 39,000 102,500 76,600 497,700 329,300 Compute the following ratios for 2017. (Round answers to 1 decimal place, e.g. 1.6, or 1.6%.) Profit margin 6.58% 17 Asset turnover 1.410 times Return on assets 8.55 % X Return on common stockholders' equity 7.6 % Click if you would like to Show Work for this question: Open Show Work