Question: Selected financial statement data for Grouper Company are presented below. Net sales $1,575,000 Cost of goods sold 720,000 Interest expense 11,200 Net income 220,500 Total

Selected financial statement data for Grouper Company are presented below.

Net sales $1,575,000
Cost of goods sold 720,000
Interest expense 11,200
Net income 220,500
Total assets (ending) 1,000,000
Total common stockholders' equity (ending) 700,000

Total assets at the beginning of the year were $800,000; total common stockholders' equity was $540,000 at the beginning of the period.

Calculate asset turnover. (Round answer to 2 decimal places, e.g. 15.21%.) Compute the profit margin. (Round answer to 1 decimal place, e.g. 0.2%.) Compute return on assets. (Round answer to 1 decimal place, e.g. 15.2%.)

Compute return on common stockholder's equity. (Round answer to 1 decimal place, e.g. 15.2%.)

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