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Ratios Analyzing Firm Profitability The following information is available for Buhler Company: Annual Data 2013 2012 Net sales $9,000,000 $8,400,000 Gross profit on sales 3,453,000

Ratios Analyzing Firm Profitability The following information is available for Buhler Company:

Annual Data 2013 2012
Net sales $9,000,000 $8,400,000
Gross profit on sales 3,453,000 3,136,000
Net income 567,600 488,000

Year-End Data Dec. 31, 2013 Dec. 31, 2012
Total assets $6,900,000 $6,500,000
Stockholders' equity 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 Answer% b. Return on sales Answer% c. Asset turnover (Round answer to two decimal places.) Answer d. Return on assets Answer% e. Return on common stockholders' equity (Buhler Company has no preferred stock.) Answer%

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