Ratios Analyzing Firm Profitability The following information is available for Crest Company: Annual Data Sales revenue Cost of goods sold 2013 2012 $6,600,000 $6,000,000 4,560,000 3,720,000 357,320 264,000 Net income Year-End Data Dec. 31, 2013 Dec. 31, 2012 Total assets Common stockholders' equity 2,250,000 1,800,000 Calculate the following ratios for 2013: Round answers to one decimal place, unless otherwise noted. a. Gross profit percentage $3,150,000 $2,360,000 96 b. Return on sales 96 C. Asset turnover (Round answer to two decimal places.) d. Return on assets 96 e. Return on common stockholders' equity (Crest Company declared and paid preferred stock dividends of $25,000 in 2013.) 96