The firm's comparative income statement and balance sheet for the years 2022 and 2021 follow.

THE STAIR COMPANY Comparative Income Statement For Years Ended December 31, 2022 and 2021
	Amounts
	2022				2021
Revenue
Sales	$	984,000			$	765,000
Less Sales Returns and Allowances		24,000				15,000
Net Sales	$	960,000			$	750,000
Cost of Goods Sold
Merchandise Inventory, January 1		91,200				84,000
Net Purchases	$	323,520			$	258,750
Total Merchandise Available for Sale	$	414,720			$	342,750
Less Merchandise Inventory, December 31		94,080				91,200
Cost of Goods Sold	$	320,640			$	251,550
Gross Profit on Sales	$	639,360			$	498,450
Operating Expenses
Selling Expenses
Sales Salaries Expenses	$	78,720			$	76,500
Payroll Tax ExpenseSelling		9,600				9,000
Other Selling Expenses		28,800				19,500
Total Selling Expenses	$	117,120			$	105,000
General and Administrative Expenses
Officers' Salaries Expense	$	139,200			$	106,500
Payroll Tax ExpenseAdministrative		14,400				9,000
Depreciation Expense		7,200				7,200
Other General and Administrative Expenses		14,400				9,000
Total General and Administrative Expenses	$	175,200			$	131,700
Total Operating Expenses	$	292,320			$	236,700
Net Income before Income Taxes	$	347,040			$	261,750
Income Tax Expense		104,112				78,525
Net Income after Income Taxes	$	242,928			$	183,225

THE STAIR COMPANY Comparative Balance Sheet December 31, 2022 and 2021
	Amounts
	2022				2021
Assets
Current Assets
Cash	$	116,600			$	52,000
Accounts Receivable		102,700				94,000
Merchandise Inventory		94,080				91,200
Prepaid Expenses		10,200				6,000
Supplies		1,500				600
Total Current Assets	$	325,080			$	243,800
Property, Plant, and Equipment
Land	$	82,000			$	82,000
Building and Store Equipment		89,800				89,800
Less Accumulated DepreciationBldg & Store Equipment		(28,800	)			(21,600	)
Net Book ValueBuilding and Store Equipment	$	61,000			$	68,200
Total Property, Plant, and Equipment	$	143,000			$	150,200
Total Assets	$	468,080			$	394,000
Liabilities and Stockholders' Equity
Current Liabilities
Accounts Payable	$	34,700			$	64,000
Sales Tax Payable		1,700				5,000
Payroll Taxes Payable		1,800				1,500
Interest Payable		1,700				9,000
Total Current Liabilities	$	39,900			$	79,500
Long-Term Liabilities
Mortgage Payable		46,700				52,000
Total Long-Term Liabilities	$	46,700			$	52,000
Total Liabilities	$	86,600			$	131,500
Stockholders' Equity
Common Stock ($1 par, 10,000 shares authorized; 10,000 shares issued and outstanding)	$	10,000			$	10,000
Paid-in CapitalCommon Stock		10,000				10,000
Retained Earnings		361,480				242,500
Total Stockholders' Equity	$	381,480			$	262,500
Total Liabilities and Stockholders' Equity	$	468,080			$	394,000

Assume all sales are credit sales.

Calculate the book value per share of common stock for 2021 and 2022. Book value per share of common stock Choose Denominator Choose Numerator Book value per share of common stock 2022 per share per share 2021 Calculate the return on total assets for 2021 and 2022. Return on total assets Choose Numerator Choose Denominator Return on total assets 2022 % 2021 % Calculate the ratio of stockholders' equity to total equities for 2021 and 2022. Choose Numerator . Ratio of stockholders' equity to total equities Choose Denominator Ratio of stockholders' equity to total equities 2022 % 2021 Calculate the rate of return on stockholders' equity for 2021 and 2022. Choose Numerator Rate of return on stockholders' equity Choose Denominator Rate of return on stockholders' equity . % 2022 2021 . % Calculate the asset turnover for 2021 and 2022. Asset turnover Choose Denominator Choose Numerator = Asset turnover 2022 .. :1 11 11 2021 . :1