20) - 20) The net Income of a company for the year was $570,000. The company has no preferred stock. Common stockholders' equity was $1,800,000 at the beginning of the year and $2,300,000 at the end of the year. Calculate the rate of return on common stockholders' equity. (Round your answer to two decimal places.) A) 27.80% B) 19.86% C) 24.78% D) 31.67% 21) 21) Which of the following best describes horizontal analysis? A) comparing a company's financial statements with other companies B) calculating key ratios to evaluate performance C) comparing financial statement amounts from year to year for the same company D) expressing each financial statement amount as a percentage of a budgeted amount 22) Seidner, Inc. provides the following data: 22) 2012 2016 Assets Current Assets Cash and Cash Equivalents Accounts Receivable, Net Merchandise Inventory Total Current Assets Property, Plant, and Equipment, Net Total Assets $10,000 37.000 60 000 $137,000 $121,000 $258,000 $25,000 62,000 50,000 137,000 120,000 $257 000 Net Credit Sales Cost of Goods Sold Gross Profit $550,000 (155,000) $3957000 Calculate the asset turnover ratio for 2017 (Round your answer to two decimal places) A) 2.14 times B) 4.01 times C) 0.60 times D) 1.07 times