The following information is available for Jay Company:

Calculate the following ratios for 2019:

a. Gross profit percentage

b. Return on sales

c. Asset turnover

d. Return on assets

e. Return on common stockholders' equity (Jay Company has no preferred stock.)

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Annual Data Net sales.... Gross profit on sales. Net income.... 2019 2018 $9,000,000 $8,200,000 3,050,000 2,736,000 567,600 500,000 Year-End Data Total assets. Stockholders' equity. Dec. 31, 2019 Dec. 31, 2018 $6,500,000 5,000,000 $6,000,000 3,200,000