Question 7 Selected financial statement data for Homer Company are presented below. $1,500,000 Net sales Cost of goods sold Interest expense Net income Total assets (ending) Total common stockholders' equity (ending) 700,000 10,000 205,000 900,000 600,000 Total assets at the beginning of the year were $800,000; total common stockholders' equity was $500,000 at the beginning of the period. Calculate asset turnover. (Round answer to 2 decimal placea, e.g. 15.21%.) Asset turnover % Compute the profit margin. (Round answer to 1 decimal place, e.g. 0.2.) Profit margin Compute return on assets. (Round answer to 1 decimal place, e.g. 15.2%.) Return on assets % Compute return on common stockholder's equity. (Round answer to 1 decimal place, e.g. 15.2%.) Return on common stockholder's equity % Click if you would like to Show Work for this question: Open Show Work