7....BlossomMedical manufactures hospital beds and other institutional furniture. The company's comparative balance sheet and income statement for 2019 and 2020 follow.

BlossomMedical

Comparative Balance Sheet

As of December 31

2020 2019

Assets

Current assets

Cash $361,000 $417,400

Accounts receivable, net 1,080,000 776,500

Inventory 738,000 681,100

Other current assets 381,300 247,000

Total current assets 2,560,300 2,122,000

Property, plant, & equipment, net 8,711,190 8,440,245

Total assets $11,271,490 $10,562,245

Liabilities and Stockholders' Equity

Current liabilities $3,210,000 $2,846,050

Long-term debt 3,702,700 3,892,700

Total liabilities 6,912,700 6,738,750

Preferred stock, $5 par value 59,000 59,000

Common stock, $0.25 par value 104,650 103,900

Retained earnings 4,195,140 3,660,595

Total stockholders' equity 4,358,790 3,823,495

Total liabilities and stockholders' equity $11,271,490 $10,562,245

Comparative Income Statement and Statement of Retained Earnings

For the Year

2020 2019

Sales revenue (all on account) $10,177,250 $9,614,000

Cost of goods sold 5,611,750 5,298,800

Gross profit 4,565,500 4,315,200

Operating expenses 2,840,300 2,634,200

Net operating income 1,725,200 1,681,000

Interest expense 300,350 308,650

Net income before taxes 1,424,850 1,372,350

Income taxes (30%) 427,455 411,705

Net income $997,395 $960,645

Dividends paid

Preferred dividends 29,450 29,450

Common dividends 433,400 413,000

Total dividends paid 462,850 442,450

Net income retained 534,545 518,195

Retained earnings, beginning of year 3,660,595 3,142,400

Retained earnings, end of year $4,195,140 $3,660,595

Calculate the following profitability ratios for 2020.(Round answers to 1 decimal place, e.g. 50.1%.)

B... Return on asset

C.... Return on common stockholders' equity