The financial statements of Isaacson Corporation follow: (Click the icon to view the assets section of the balance sheet.) (Click the icon to view the liabilities and stockholders' equity sections of the balance sheet.) (Click the icon to view the income statement.) Read the requirements. a. Compute the rate of return on sales for 2021. (Enter currency amounts in millions as given in the question. Ignore interest expense in your analysis and enter " 0 " for any zero balances. Round your answer to the nearest tenth of a percent, X.X\%.) December 31,2021 and 2020 Increase (Decrease) llar amounts in millions) 2021 2020 Amount Percentage sets Current assets: Cash and cash equivalents Short-term investments $1,240$950$29030.5% Receivables, net 2555 (30) (54.5) Inventories Prepaid expenses and other assets Total current assets Property, plant, and equipment, net Intangible assets Other assets Total assets Current liabilities: Accounts payable Income tax payable Short-term debt Other \begin{tabular}{rrrr} $930$ & 850$ & 80 & 9.4% \\ 30 & 85 & (55) & (64.7) \\ 160 & 95 & 65 & 68.4 \\ 60 & 65 & (5) & (7.7) \\ \hline 1,180 & 1,095 & 85 & 7.8 \\ \hline 3,105 & 2,692 & 413 & 15.3 \\ 1,140 & 1,040 & 100 & 9.6 \\ \hline 5,425 & 4,827 & 598 & 12.4 \\ \hline \end{tabular} Stockholders' equity: Common stock Retained earnings Accumulated other comprehensive (loss) Total stockholders' equity \begin{tabular}{llll} & (180) & (210) & 30 \\ \cline { 2 - 4 } & 1,348 & 1,452 & (104) \\ \hline$ & 6,773 & $,279 & $494 \\ \hline \end{tabular} \begin{tabular}{rrrr} & & \\ 806 & 1,660 & (134) & (8.1) \\ \hline 348 & (210) & 30 & 14.3 \\ \hline 773 & 1,452 & (104) & (7.2) \\ \hline & 6,279 \\ \hline \end{tabular} Total liabilities and stockholders' equity Isaacson Corporation Statements of Income (Adapted) Year Ended December 31, 2021 and 2020 (Dollar amounts in millions) Net revenues Cost of goods sold Gross profit General and administrative expenses Income from operations Interest expense, net Income before income taxes Provision for income taxes Net income Print Done