Mini-Exercise 11-3 Calculate profitability measures The following information was available for the year ended December 31, 2016: Sales $ 420,000 Net income 60,580 Average total assets 720,000 Average total stockholders' equity 350,000 Dividends per share 1.31 Earnings per share 3.00 Market price per share at year-end 27.00 Required: a. Calculate margin, turnover, and ROI for the year ended December 31, 2016. (Round your intermediate calculations and final answers to 2 decimal places.) b. Calculate ROE for the year ended December 31, 2016. (Round your answer to 2 decimal places.) c. Calculate the price/earnings ratio for 2016. (Round your answer to 2 decimal places.) d. Calculate the dividend payout ratio for 2016. (Round your answer to 2 decimal places.) e. Calculate the dividend yield for 2016. (Round your answer to 2 decimal places.)