9. The following is selected balance sheet and income statement information for Lopez Company Current Gross Profit Assets on Sales S48,062 $200,680 Net Sales $450,009 N et Income $45,216 Average Total Assets $273,710 Average Common Stockholders' Equity S 151,668 2018 Compute Return on sales. A) 9,04% B) 9.52% C) 10,05% D) 11.23% E) 13.00% 10. The following is selected balance sheet and income statement information for Lopez Company Current Gross Profit Assets on Sales $48,062 $200,680 Net Sales $450,009 N et Income $45,216 Average Total Assets $273,710 Average Common Stockholders' Equity $ 151,668 2018 Compute asset turnover, A) 1.58 B) 1.60 C) 1.64 D) 1.72 E) 7.12