Question: Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31. 2017 2016 Net sales $757,500

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

2017

2016

Net sales $757,500 $721,500
Cost of goods sold 480,500 445,000
Interest expense 8,000 4,200
Net income 45,500 37,000
Accounts receivable 123,500 110,000
Inventory 85,700 72,400
Total assets 577,100 501,300
Total common stockholders equity 433,400 324,500

Compute the following ratios for 2017. (Round answers to 1 decimal place, e.g. 1.6, or 1.6% .)

Profit margin:

Asset turnover

Return on assets

Return on common stockholders equity

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