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

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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