Measures of Performance and Financial Leverage Following are selected data from year-end financial statements of Lima Corporation for its first two years of operations. Total assets Interest expense Year 2 Year 1 $3,895,000 $3,260,000 Long-term liabilities 47,500 625,000 680,000 42,000 Net income 532,055 486,500 Sales 4,829,625 3,940,000 Stockholders' equity 2,766,686 2,553,864 Round percentages to one decimal place. (Example: 0.11567 = 11.6%) a. Compute the following performance measurement ratios for the second year of operations. (Ignore income taxes.) 1. Asset turnover (Round answer to two decimal places.) 0.0125 0.0868 * % 2. Return on sales 3. Return on assets 4. Return on equity 0.1085 * % 20 %