Analysis of Profitability

Based on the financial statements of Cowan Kitchen Counters, Inc., as shown below:

Cowan Kitchen Counters, Inc. Comparative Income Statement For Years Ended December 31, 20-2 and 20-1
	20-2		20-1
Net Sales (all on account)		$2,572,000		$2,164,400
Cost of goods sold		1,889,000		1,620,000
Gross profit		$683,000		$544,400
Operating expenses		312,700		227,900
Other expense (interest)		24,200		24,200
Income tax expense		176,900		110,000
Net income		$169,200		$182,300

Cowan Kitchen Counters, Inc. Comparative Balance Sheet December 31, 20-2 and 20-1
	20-2		20-1
Cash		$258,900		$242,200
Government notes		245,500		245,500
Accounts receivable (net)		908,100		795,000
Merchandise inventory		991,500		909,300
Supplies and prepayments		141,000		47,900
Land		107,200		107,200
Building (net)		330,800		386,200
Office equipment (net)		17,800		15,700
Total assets		$3,000,800		$2,749,000
Current liabilities (accounts payable)		$701,000		$533,400
Bonds payable		220,000		240,000
Total liabilities		$921,000		$773,400
Common stock ($10 par, 180,000 shares)		$1,800,000		$1,800,000
Retained earnings		279,800		175,600
Total stockholders' equity		$2,079,800		$1,975,600
Total liabilities and stockholders' equity		$3,000,800		$2,749,000

Compute the following profitability measures for 20-2 (round all calculations to two decimal places):

a. Profit margin ratio		%
b. Return on assets		%
c. Return on common stockholders' equity		%
d. Earnings per share of common stock	$