Question:

Selected comparative statement data for Navin Products Company are presented on the next page. All balance sheet data are as of December 31.

	2013	2012
Net sales	$760,000	$720,000
Cost of goods sold	480,000	440,000
Interest expense	7,000	5,000
Net income	50,000	42,000
Accounts receivable	120,000	100,000
Inventory	85,000	75,000
Total assets	580,000	500,000
Total common stockholders equity	430,000	325,000

Instructions

Compute the following ratios for 2013.

(a) Profit margin.

(b) Asset turnover.

(c) Return on assets.

(d) Return on common stockholders equity.

Please explain the complete answer, and do not copy from Chegg. Otherwise, i have to report the answer.