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See attached image Gulf Controls, Inc., has a net profit margin of 10 percent and earnings after taxes of $600,000. Its current balance sheet follows:

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Gulf Controls, Inc., has a net profit margin of 10 percent and earnings after taxes of $600,000. Its current balance sheet follows: Current assets $ $1,900,000 2,200,000 $4,100,000 Current liabilities Long-term debt Fixed assets 800,000 1,000,000 800,000 Total assets Common stock Retained earnings 1,500,000 $4,100,000 Total liabilities and stockholders' equity a. Calculate Gulf's return on stockholders' equity. Round your answer to the nearest whole number. % b. The industry average ratios are as follows: Net profit margin 12% Total asset turnover 1.61 times 1.58 times Equity multiplier Compare Gulf Controls with the average firm in the industry. Round your answer for net profit margin to the nearest whole number and round your answers for both total asset turnover and equity multiplier to two decimal places. Net profit margin of % is -Select-than industry average. Total asset turnover of times is -Select-than industry average. times is -Select-than industry average. Equity multiplier of

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