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

Annual Data	2019	2018
Net sales	$9,000,000	$8,200,000
Gross profit on sales	3,050,000	2,736,000
Net income	567,600	500,000

Year-End Data	Dec. 31, 2019	Dec. 31, 2018
Total assets	$6,500,000	$6,000,000
Stockholders equity	5,000,000	3,200,000

Calculate the following ratios for 2019:

Note: 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.) d. Return on assets e. Return on common stockholders equity (Jay Company has no preferred stock.)