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Exercise 18-8 Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31 2017 2016 Net
Exercise 18-8 Selected comparative statement data for Queen Products Company are presented below. All balance sheet data are as of December 31 2017 2016 Net sales Cost of goods sold Interest expense Net income Accounts receivable Inventory Total assets Total common stockholders' equity $760,500 482,500 6,800 46,500 117,500 82,700 580,700 429,500 $724,000 439,500 5,700 44,500 107,000 78,700 495,600 328,400 Compute the following ratios for 2017' (Round answers to 1 decimal place, e.g. 1.6, or 1.6%.) Profit margin Asset turnover Return on assets Return on common stockholders' equity times
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