Hame 19TCC the ratio: a. Cost of goods sold to sales. b. Selling and administrative expense to sales. c. Interest expenses to sales. Class Business Finance in Connect MME Reader 8. Profitability ratios (L03-2) Easter Egg and Poultry Company has $2,000,000 in assets and $1,400,000 of debt. It reports net income of $200,000. a. What is the firm's return on assets? b. What is its return on stockholders' equity? c. If the firm has an asset turnover ratio of 2.5 times, what is the profit margin (return on sales)? 9. Profitability ratios (L03-2) Network Communications has total assets of $1,500,000 and current assets of $612,000. It turns over its fixed assets three times a year. It has $319,000 of debt. Its return on sales is 8 percent. What is its return on stockholders' equity? 10. Profitability ratios (L03-2) Fondren Machine Tools has total assets of $3,310,000 and current assets of $879,000. It turns over its fixed assets 3.6 times per year. Its return on sales is 4.8 percent. It has $1.750,000 of debt. What is its return on stockholders' equity? 11. Profitability ratios (L03-2) Baker Oats had an asset turnover of 1.6 times per year. a. If the return on total assets (investment) was 11.2 percent, what was Baker's profit margin? b. The following year, on the same level of assets, Baker's asset turnover declined to 1.4 times and its profit margin was 8 percent. How did the return on total assets change from that of the previous year? 12. Du Pont system of analysis (LO3-3) AllState Trucking Co. has the following ratios compared to its industry for last year AllState