2016			2015
Sales	$	21,000,000		$	19,500,000
Cost of goods sold		7,413,000			6,630,000
Net income		1,890,000			1,560,000
Interest expenses		164,500			144,500
Income taxes		220,286			196,286
Current assets		2,250,000			2,115,000
Total assets		5,050,000			4,760,000
Total liabilities		760,000			750,000
Total stockholders' equity		4,290,000			4,010,000

Knowledge Check 01

The data provided here is of Stevenson Company. The tax rate is 30%. From this data, compute the gross margin percentage for the year 2016.

• 66.0%

• 64.7%

• 35.3%

• 34.0%

Knowledge Check 02

The data provided here is of Stevenson Company. The tax rate is 30%. From this data, compute the net profit margin percentage for the year 2016.

• 8.0%

• 10.8%

• 9.7%

• 9.0%

Knowledge Check 03

The data provided here is of Stevenson Company. The tax rate is 30%. From this data, compute the return on total assets for the year 2016.

• 38.5%

• 39.7%

• 41.9%

• 40.9%

Knowledge Check 04

The data provided here is of Stevenson Company. The tax rate is 30%. From this data, compute the return on equity for the year 2016.

• 37.6%

• 44.1%

• 38.9%

• 45.5%