(Answered) Question - selected comparative statement data for queen

Accounting

Question - Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as or December 31.

	2017	2016
Net sales	$764,500	$723,000
Cost of goods sold	477,500	438,000
Interest expense	7,500	5,700
Net Income	54,000	40,000
Accounts receivable	120,000	106,000
Inventory	80,300	76,300
Total assets	575,000	504,300
Total common stockholders' equity	426,200	322,100

Compute the following ratios for 2017.

Profit margin
Asset turnover
Return on assets
Return on common stockholders' equity

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