Please answer the following problems:

Problem #7)

Asset turnover A company reports the following: Sales $4,400,000 Average total assets (excluding long-term investments) 2,000,000 Determine the asset turnover ratio. Round your answer to one decimal place. :1 Return on total assets A company reports the following income statement and balance sheet information for the current year: Net income $410,000 Interest expense 90,000 Average total assets 5,000,000 Determine the return on total assets. (Round percentages to one decimal place.) Common Stockholders' Profitability Analysis A company reports the following: Net income $1,000,000 Preferred dividends 50,000 Average stockholders' equity 6,250,000 Average common stockholders' equity 3,800,000 Determine (a) the return on stockholders' equity and (b) the return on common stockholders' equity. (Round percentages to one decimal place.) a. Return on stockholders' equity % b. Return on common stockholders' equity :] %