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Analysis of Financial Statement Data The following data were taken from the financial statements of The Amphlett Corporation. 2012 2013 Net sales $148,860 $164,585 Net

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Analysis of Financial Statement Data The following data were taken from the financial statements of The Amphlett Corporation. 2012 2013 Net sales $148,860 $164,585 Net income 27,765 31,340 Total assets 201,225 222,440 Shareholders' equity 101,975 121,165 Required Calculate the following ratios for 2012 and 2013: 2012 2013 0 % 0 % 0 % 0 % a. Return on equity (round to one decimal place) b. Return on assets (round to one decimal place) C. Return on sales (round to one decimal place) d. Total assets to shareholders' equity (financial leverage) (round to two decimal places) e. Asset turnover (round to two decimal places) 0 % 0 % 0 0 0 0

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