Analysis of Financial Statement Data The following data were taken from the financial statements of The Amphlett Corporation. Net sales Net income Total assets 2012 2013 $146,860 $162,585 25,765 29,340 181,225 202,440 Shareholders' equity 101,975 121,165 Required Calculate the following ratios for 2012 and 2013: a. Return on equity (round to one decimal place) 2012 2013 1.44 % b. Return on assets (round to one decimal place) 0.14 % c. Return on sales (round to one decimal place) 0.18% d. Total assets to shareholders' equity (financial leverage) (round to two decimal places) e. Asset turnover (round to two decimal places) 1.78 1.44 x 1.34 % 0.14 % 0.18% 1.67 1.23 x