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 $765,000

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

2017 2016

Net sales $765,000 $717,500

Cost of goods sold 479,000 439,000

Interest expense 6,100 4,000

Net income 52,500 41,500

Accounts receivable 120,500 107,500

Inventory 89,900 73,900

Total assets 581,600 504,900

Total common stockholders equity 430,400 327,200

Compute the following ratios for 2017. (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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