Profitability Measures Computations Asset turnover $8,250,000 = |($5,785,000 + $5,595,000) = 2] Return on total assets ($786,300 + $127,000) = [($6,609,000 + $6,419,000) = 21 Return on stockholders' equity $786,300 = [($4,079,000 + $3,875,050) = 21 Return on common stockholders' equity ($786,300 - $65,000) = [($3,591,500 + $3,447,840) = 21 Earnings per share on common stock ($786,300 - $65,000) = 250,000 shares Price-earnings ratio $35 - $3.05 Dividends per share $175,000 = 250,000 shares Dividend yield $0.70 : $35 Comparative Income Statement Use the following comparative income statement form to enter amounts you identify from the computations on the Liquidity and Solvency Measures part and on the Profitability Measures part. Compute any missing amounts and complete the horizontal analysis columns. Enter percentages as decimal amounts, rounded to one decimal place. When rounding, look only at the figure to the right of one decimal place. If 5, round up For example, for 32.00 ter 02.01. For 32.058% enter 2.15 Comparative Income Statement For the Years Ended December 31, 2016 and 2045 Increase/(Decrease) 2046 BOYS Amount Percentage Sales 57,257,000 Cost of goods sold (3.444,000) Gross profit $3,813,000 Selling expenses 51,451.000) Administrative perves (1,237,500) (1,101,5001 Total operating expenses 32,552,500) Operating income $1,260,500 Other expense interest (120,600) Income before income taxe 11.139.000 Income tax expense (178.2001 Net income 1961,700