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Ratios Analyzing Firm Profitability The following information is available for Crest Company: Annual Data 2013 2012 Sales revenue $6,900,000 $6,000,000 Cost of goods sold 3,906,200

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Ratios Analyzing Firm Profitability The following information is available for Crest Company: Annual Data 2013 2012 Sales revenue $6,900,000 $6,000,000 Cost of goods sold 3,906,200 3,720,000 290,200 264,000 Net income Year-End Data Dec. 31, 2013 2 Dec. 31, 2012 2,990,000 $2,360,000 1,800,000 Total assets Common stockholders' equity 1,990,000 Calculate the following ratios for 2013: Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage b. Return on sales c. Asset turnover (Round answer to two decimal places.)

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