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Ratios Analyzing Firm Profitability The following information is available for Buhler Company: Annual Data 2016 2015 Net sales $8,600,000 $8,200,000 Gross profit on sales 3,050,000 2,736,000 567,600 488,000 Net income Year-End Data Dec. 31, 2016 Dec. 31, 2015 Total assets Stockholders' equity 4,000,000 3,200,000 $6,500,000 $6,000,000 Calculate the following ratios for 2016: Round answers to one decimal place, uniess othenwise noted. a. Gross profit percentage 0 % b. Return on sales 0 % c. Asset turnover (Round answer to two decimal places.) 0