Ratios Analyzing Firm Profitability The following information is available for Buhler Company: Annual Data 2013 2012 Net sales $8,600,000 $8,000,000 Gross profit on sales 3,053,000 2,736,000 Net income 567,600 488,000 Year-End Data Total assets Stockholders' equity Dec. 31, 2013 Dec. 31, 2012 $6,500,000 $6,100,000 3,800,000 3,200,000 Calculate the following ratios for 2013: Note: Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage 35.5 % b. Return on sales 6.6 % C. Asset turnover (Round answer to two decimal places.) 1.37 d. Return on assets 0.9 X % e. Return on common stockholders' equity (Buhler Company has no preferred stock.) 0.16 X %