The answer to B is not 14.5 or 40.3... I tried that. :)

Your answer is partially correct. Try again Sheridan Medical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2015 and 2016 follow Sheridan Medical Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets $338,000 $417,500 776,450 681,000 247,000 2,121,950 8,362,830 $11,804,520 $10,484,780 Accounts receivable, net Inventory Other current assets 1,065,000 741,000 357,000 2,501,000 9,303,520 Total current assets Property, plant, & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt $3,127,000 $2,846,100 3,892,600 6,738,700 57,000 103,900 4,761,870 3,585,180 3,746,080 Total liabilities and stockholders' equity $11,804,520 $10,484,780 Total liabilities Preferred stock, $5 par value Common stock, $0.25 par value Retained earning:s 3,702,650 6,829,650 57,000 156,000 Total stockholders' equity 4,974,870 Sheridan Medical Comparative Income Statement and Statement of Retained Earnings For the Year 2016 2015 Sales revenue (all on account) Cost of goods sold Gross profit Operating expenses Net operating income Interest expense Net income before taxes Income taxes (30%) Net income Dividends paid $10,700,000 $9,614,000 5,298,750 4,315,250 2,634,150 1,681,100 308,700 1,372,400 411,720 $960,680 5,160,000 5,540,000 2,840,300 2,699,700 388,000 2,311,700 693,510 $1,618,190 29,500 412,000 441,500 1,176,690 3,585,180 Preferred dividends 29,500 463,000 492,500 468,180 3,117,000 $4,761,870 $3,585,180 Common dividends Total dividends paid Net income retained Retained earnings, beginning of year Retained earnings, end of year Calculate the following profitability ratios for 2016" (Round answers to 1 decimal place, eg. 50.1%.) Calculate the following profitability ratios for 2016, (Round answers to 1 decimal place, eg. 50.1%.) 51.8 a. Gross margin percentage b. Return on assets 37.1 c.Return on common stockholders' equity Click if you would like to Show Work for this question: Open Show Work