E13-5B

Ratios Analyzing Firm Profitability The following information is available for Crest Company.

Annual Data	2016	2015
Sales revenue	$6,600,000	$6,000,000
Cost of goods sold	4,006,400	3,800,000
Net income	310,000	264,000

Year-End Data	Dec 31, 2016	Dec 31, 2015
Total Assets	$2,850,000	$2,500,000
Common stockholders' equity	1,900,000	1,800,000

Calculate the following ratios for 2016:

a. Gross profit percentage

b. Return on sales

c. Asset turnover

d. Return of assets

e. Return on common stockholders' equity (Crest Company declared and paid preferred stock dividends of $25,000 in 2016)