Ratios Analyzing Firm Profitability The following information is available for Crest Company 2012 Annual Data Sales revenue $7,400,000 $6,000,000 Cost of goods sold 5,006,660 3,720,000 2013 Net income 457,420 264,000 Year-End Data Dec. 31, 2013 Dec. 31, 2012 Total assets Common stockholders' equity2,010,200 1,800,000 Calculate the following ratios for 2013: Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage $3,850,000 $2,360,000 b. Return on sales 9% c. Asset turnover (Round answer to two decimal places.) d. Return on assets e. Return on common stockholders' equity (Crest Company declared and paid preferred stock dividends of $30,000 in 2013.)