Gulf Controls, Inc., has a net profit margin of 12 percent and earnings after taxes of $600,000. Its current balance sheet follows:

Current assets	$1,800,000		Current liabilities	$ 600,000
Fixed assets	2,200,000		Long-term debt	1,000,000
Total assets	$4,000,000		Common stock	900,000
			Retained earnings	1,500,000
			Total liabilities and stockholders equity	$4,000,000

1. Calculate Gulfs return on stockholders equity. Round your answer to the nearest whole number.

   %

2. The industry average ratios are as follows:

   Net profit margin	9%
   Total asset turnover	1.10 times
   Equity multiplier	1.47 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-higherlowerItem 3 than industry average.

   Total asset turnover of times is -Select-higherlowerItem 5 than industry average.

   Equity multiplier of times is -Select-higherlowerItem 7 than industry average.