Question: Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. Selected comparative statement data for

Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.

Selected comparative statement data for Queen Products Company are presented below. All

Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. 2017 2016 Net sales $757,000 $722,500 Cost of goods sold 481,000 441,500 Interest expense 6,800 4,000 38,500 Net income 52,000 Accounts receivable 123,500 108,500 73,000 Inventory 89,900 575,000 501,000 Total assets Total common stockholders' equity 321,500 431,900 Compute the following ratios for 2017. (Round answers to 1 decimal place, e.g. 1.6, or 1.6%.) Profit margin times Asset turnover Return on assets Return on common stockholders' equity

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