Shown below is selected information from a recent annual report of TOK $($Dollar amounts are in thousands$).$

Compute for the year the company's:

a$)$ Gross profit rate.

b$)$ Return on average total assets.

c$)$Return on average total stockholders' equity.

Note: This example is on the balance sheet and income statement elements.

Beginning of the Year End of the Year

Total assets $$7,400$ $$8,100$

Total stockholders' equity $$3,900$ $$4,600$

Net sales $$14,000$

Gross profit $$5,000$

Operating income $$1,400$

Net income $$1,000$