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Exercise - Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31.
2017
2016
Net sales
$763,500
$719,000
Cost of goods sold
476,500
437,500
Interest expense
7,400
4,100
Net income
47,500
44,000
Accounts receivable
116,000
100,500
Inventory
82,400
76,000
Total assets
579,200
498,000
Total common stockholders' equity
429,200
322,100
Compute the following ratios for 2017.
Profit margin
Asset turnover
Return on assets
Return on common stockholders' equity
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