00 The income statement for Stretch-Tape Corporation reports net sales of $374,400 and net income of $47.580. Average total assets for the year are $780,000. Stockholders' equity at the beginning of the year was $480,000, and $18,000 was paid to stockholders as dividends during the year. There were no other stockholders' equity transactions that occurred during the year. 1.25 points Required: Calculate the return on assets, profit margin, asset turnover, and return on equity ratios. (Round your answers to 1 decimal place.) ! Profitability Ratios Return on assets Assotturnover References Return on equity