Question: Selected comparative statement data for Tyrone Company are presented below. All balance sheet data are as of December 31. 2020 2019 Net sales $1,160,000 $1,131,000

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

2020 2019
Net sales $1,160,000 $1,131,000
Cost of goods sold 686,000 639,000
Interest expense 15,000 10,000
Net income 150,800 140,000
Accounts receivable 141,000 117,000
Inventory 99,000 94,000
Total assets 760,000 690,000
Preferred stock (6%) 201,000 201,000
Total stockholders equity 618,000 529,000

1. Compute the profit margin for 2020. (Round answer to 1 decimal place, e.g. 15.2%.) 2. Compute the asset turnover for 2020. (Round answer to 1 decimal place, e.g. 15.2.) 3. Compute the return on assets for 2020. (Round answer to 1 decimal place, e.g. 15.2%.) 4. Compute the return on common stockholders equity for 2020. (Round answer to 1 decimal place, e.g. 15.2%.

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