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Carla Vista Medical manufactures hospital beds and other institutional furniture. The companys comparative balance sheet and income statement for 2019 and 2020 follow. Carla Vista

Carla Vista Medical manufactures hospital beds and other institutional furniture. The companys comparative balance sheet and income statement for 2019 and 2020 follow.

Carla Vista Medical Comparative Balance Sheet As of December 31
2020 2019
Assets
Current assets
Cash $399,000 $417,400
Accounts receivable, net 1,082,000 776,400
Inventory 738,000 681,000
Other current assets 381,300 247,100
Total current assets 2,600,300 2,121,900
Property, plant, & equipment, net 8,619,960 8,440,065
Total assets $11,220,260 $10,561,965
Liabilities and Stockholders Equity
Current liabilities $3,159,000 $2,846,000
Long-term debt 3,702,700 3,892,700
Total liabilities 6,861,700 6,738,700
Preferred stock, $5 par value 58,950 58,950
Common stock, $0.25 par value 104,600 103,850
Retained earnings 4,195,010 3,660,465
Total stockholders equity 4,358,560 3,823,265
Total liabilities and stockholders equity $11,220,260 $10,561,965

Carla Vista Medical Comparative Income Statement and Statement of Retained Earnings For the Year
2020 2019
Sales revenue (all on account) $10,177,200 $9,613,900
Cost of goods sold 5,611,750 5,298,700
Gross profit 4,565,450 4,315,200
Operating expenses 2,840,300 2,634,100
Net operating income 1,725,150 1,681,100
Interest expense 300,300 308,650
Net income before taxes 1,424,850 1,372,450
Income taxes (30%) 427,455 411,735
Net income $997,395 $960,715
Dividends paid
Preferred dividends 29,550 29,550
Common dividends 433,350 413,100
Total dividends paid 462,900 442,650
Net income retained 534,545 518,065
Retained earnings, beginning of year 3,660,465 3,142,400
Retained earnings, end of year $4,195,010

$3,660,465

a.Gross margin percentage %

b.Return on assets %

c.Return on common stockholders equity %

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