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28. Selected data from Carmen Company at year-end are presented below. Total assets $2,000,000 Average total assets $2,200,000 Net income $250,000 Sales $1,300,000 Average common

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28. Selected data from Carmen Company at year-end are presented below. Total assets $2,000,000 Average total assets $2,200,000 Net income $250,000 Sales $1,300,000 Average common stockholders' equity $1,000,000 Net cash provided by operating activities $275,000 Shares of common stock outstanding 10,000 Long-term investments $400,000 Calculate: (a) Asset turnover ratio (b) Return on total assets (c) Return on common stockholders' equity (d) Earnings per share on common stock. Assume the company had no preferred stock or interest expense. Round dollar values to two decimal places and other final answers to one decimal place

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