Question: Selected comparative statement data for Sunland Company are presented below. All balance sheet data are as of December 31. 2022 2021 Net sales $1,179,000
Selected comparative statement data for Sunland Company are presented below. All balance sheet data are as of December 31. 2022 2021 Net sales $1,179,000 $1,139,000 Cost of goods sold 719,000 659,000 Interest expense 34,000 29,000 Net income 168,597 159,000 Accounts receivable 159,000 139,000 Inventory 119,000 114,000 Total assets 799,000 700,000 Preferred stock (6%) 219,000 200,000 Total stockholders' equity 649,000 525,000 Compute the following ratios for 2022. (Round answers to 1 decimal place, e.g. 1.8 or 2.5%) (a) Profit margin (b) Asset turnover (c) Return on assets (d) Return on common stockholders' equity % times % do do %
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