Check My Work (1 remaining) eBook Gulf Controls, Inc., has a net profit margin of 10 percent and earnings after taxes of $600,000. Its current balance sheet follows: Current assets $1,700,000 Current liabilities 600,000 Fixed assets 2,100,000 Long-term debt 1,000,000 Total assets $3,800,000 Common stock 700,000 Retained eamings Total liabilities and stockholders' equity a. Calculate Gulf's return on stockholders' equity. Round your answer to the nearest whole number. 1.500,000 $3,800,000 b. The industry average ratios are as follows: Net profit margin 12% Total asset turnover 1.38 times Equity multiplier 1.93 times Compare Gulf Controls with the average firm in the industry, Round your answer for net profit margin to the nearest whole number and round your answers for both total asset turnover and equity multiplier to two decimal places, Net profit margin of % is -Select-than industry rage Total asset turnover of times is -Select-than Industry average. Equity multiplier of times is -Select-than industry average. Check My Work (1 remaining) O-Icon Key Question 15 of 15