Question: Selected comparative statement data for Queen Products Company are presented on the next page. All balance sheet data are as of December 31. 2015 2014
Selected comparative statement data for Queen Products Company are presented on the next page. All balance sheet data are as of December 31.
| 2015 | 2014 | |
| Net sales | $760,250 | $720,880 |
| Cost of goods sold | 475,480 | 444,740 |
| Interest expense | 7,910 | 4,090 |
| Net income | 54,850 | 38,730 |
| Accounts receivable | 120,020 | 104,180 |
| Inventory | 88,030 | 78,280 |
| Total assets | 579,280 | 502,570 |
| Total common stockholders equity | 425,740 | 324,830 |
Compute the following ratios for 2015.(Round answers to 1 decimal place, e.g. 1.6, or 1.6% .)
| Profit margin | % | |
| Asset turnover | times | |
| Return on assets | % | |
| Return on common stockholders equity | % |
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