Grange Company Comparative Balance Sheet At December 31, Year 2 and Year 1 Line Item Description Year 2 Year 1 Current assets: Cash and marketable securities $ 173,000 $ 169,000 Accounts receivable, net 152,000 126,000 Inventory 107,000 95,000 Prepaid expenses 39,000 50,000 Total current assets $ 471,000 $ 440,000 Noncurrent assets: Plant and equipment, net 1,438,000 1,256,000 Total assets $1,909,000 $1,696,000 Current liabilities: Accounts payable $ 127,000 $ 147,000 Accrued liabilities 50,000 88,000 Notes payable, short term 94,000 94,000 Total current liabilities $ 271,000 $ 329,000 Noncurrent liabilities: Bonds payable 270,000 303,000 Total liabilities $ 541,000 $ 632,000 Stockholders' equity: Preferred stock, $6 par, 5% $ 94,000 $ 94,000 Common stock, $6 par 231,000 231,000 Additional paid-in capitalcommon stock 180,000 180,000 Retained earnings 863,000 559,000 Total stockholders' equity $1,368,000 $1,064,000 Total liabilities and stockholders' equity $1,909,000 $1,696,000 Grange Company Income Statement For the Year Ended December 31, Year 2 Line Item Description Amount Sales (all on account) $2,555,000 Cost of goods sold 1,660,000 Gross margin $ 895,000 Operating expenses 262,000 Net operating income $ 633,000 Interest expense 15,000 Net income before taxes $ 618,000 Income taxes (26%) 160,680 Net income $ 457,320 Dividends during Year 2 totaled $134,000, of which $6,000 were preferred dividends. The market price of a share of common stock on December 31, Year 2, was $85. Required: Compute the following profitability ratios for Year 2. Round answers to two decimal places. Line Item Description Answer A. Return on sales fill in the blank 1 % B. Return on total assets fill in the blank 2 % C. Return on common stockholders' equity fill in the blank 3 % D. Earnings per share $fill in the blank 4