Selected comparative statement data for Mighty Products Company are pre-sented here. All balance sheet data are as of December 31

InstructionsCompute the following ratios for 1998:

(a) Profit margin

(d) Return on common stockholders' equity

(b) Asset turnover

(e) Cash return on sales

(c) Return on assets

(f) Gross profit rate

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1998 1997 Net sales $800,000 $720,000 Cost of goods sold 480,000 40,000 Interest expense 7,000 5,000 Net income 56,000 42,000 Accounts receivable 120,000 100,000 Inventory 85,000 75,000 Total assets 600,000 500,000 Total common stockholders' equity 450,000 310,000 Cash provided by operating activities 40,000 32,000