The financial statements of Evan Corporation follow: Data table Evan Corportion Balance Sheets (Adapted) December 31, 2021 and 2020 Data table Evan Corporation Statements of Income (Adapted) Year Ended December 31, 2021 and 2020 Data table Evan Corporation Balance Sheet (Adpated) December 31, 2021 and 2020 Increase (Decrease) Increase (Decrease) (Dollar amounts in millions) 2021 2020 (Dollar amounts in millions) 2021 2020 Amount Percentage Net revenues S 9,120 $ 9,400 (Dollar amounts in millions) Liabilities and Stockholders' Equity 2021 2020 Amount Percentage Assets 5,220 Cost of goods sold 5,000 Current liabilities: Current assets: Gross profit 3,900 4,400 Accounts payable 910 $ 830 $ Cash and cash equivalents $ 1,270 $ 1,000 $ Short-term investments 16 40 270 (24) 27.0 % General and administrative expenses 1,600 3,200 Income tax payable 48 82 80 (34) (41.5) 9.6 % (60.0) Income from operations 2,300 1,200 Short-term debt 200 197 3 1.5 Receivables, net 160 320 (160) (50.0) 230 180 Interest expense, net 79 84 Other (5) Inventories 156 76 80 105.3 (6.0) Income before income taxes 2,070 1,020 1,237 1,193 44 Prepaid expenses and other assets 224 372 (148) Total current liabilities 3.7 (39.8) 1,272 230 Provision for income taxes 1,826 1,808 18 Long-term debt 3,659 3,071 588 19.1 Total current assets 1.0 S 798 $ 790 Net income 1,170 1,070 100 Other liabilities 9.3 Property, plant, and equipment, net 3,768 3,380 388 11.5 6,066 5,334 732 Intangible assets 1,080 818 262 32.0 Total liabilities 13.7 790 780 10 Stockholders' equity: Other assets 1.3 $ 7,464 $ 6,786 $ 678 Requirements Common stock 2 2 Total assets 10.0 % Retained earnings 1,586 1,690 (104) (6.2) Print Done b. Asset turnover ratio. Calculate these profitability measures for 2021. Show each computation. a. Rate of return on sales. c. Rate of return on total assets. d. Leverage (equity multiplier) ratio. e. Rate of return on common stockholders' equity. f. Is Evan's profitability strong, medium, or weak? Accumulated other comprehensive (loss) (190) (240) 50 20.8 Total stockholders' equity 1,398 1,452 (54) (3.7) $ 7,464 $ 6,786 $ 678 Total liabilities and stockholders' equity 10.0 %