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2) Selected financial statement data for Puig Company are presented below. Net sales $1,500,000 Cost of goods sold 700,000 Interest expense 10,000 Net income 205,000

2) Selected financial statement data for Puig Company are presented below.

Net sales $1,500,000

Cost of goods sold 700,000

Interest expense 10,000

Net income 205,000

Total assets (ending) $900,000

Total common stockholders' equity (ending) $600,000

Total assets at the beginning of the year were $800,000; total common stockholders' equity was $500,000 at the beginning of the period. Instructions: Compute each of the following:

(a) Asset turnover

(b) Profit margin

(c) Return on assets

(d) Return on common stockholders' equity

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