Problem 9-14

If a firm has the following sources of finance,

Current liabilities $ 120,000 Long-term debt 450,000 Preferred stock 55,000 Common stock 230,000 earns a profit of $35,000 after taxes, and pays $6,500 in preferred stock dividends, what is the return on assets, the return on total equity, and the return on common equity? Round your answers to two decimal places.

Return on assets: %

Return on total equity: %

Return on common equity: %