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 $ $800,000$

Fixed assets $2,200,000$ Long$-$term debt $1,000,000$

Total assets $$3,900,000$ Common stock $600,000$

Retained earnings $1,500,000$

Total liabilities and stockholders$$ equity $$3,900,000$

Calculate Gulf$$s return on stockholders$$ equity. Round your answer to the nearest whole number.

$\%$

The industry average ratios are as follows:

Net profit margin $13\%$

Total asset turnover $1\mathrm{.}34$ times

Equity multiplier $2\mathrm{.}00$ 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

$10$

$\%$ is

lower

than industry average.

Total asset turnover of

times is

higher

than industry average.

Equity multiplier of

times is

lower

than industry average.