HW12 Navigation 3 5 6 Finish attempt... Question 3 Not complete Marked out of 2.00 Flag question Ratios Analyzing Firm Profitability The following Information is available for Buhler Company: Annual Data 2020 2019 Ner sales 56,880,000 56,560,000 Gross profit on sales 2,592,500 2,325,600 Net income 454,000 390,400 Year-End Data Dec 31, 2020 Dec 31, 2019 Total assets 54,550,000 54 200,000 Stockholders equity 3,400,000 2.720,000 Buhler Company has no preferred stock. Calculate the following ratios for 2020: (Round ratios to one decimal.) a. Gross profit percentage o 96 b. Profit margin percentage o % C. Asset turnover 0 d. Return on assets 0 % e. Return on common stockholders' equity 0 96 Check