The following selected data are taken from the financial statements of Redwood Enterprises: Sales revenue Cost of goods sold $643,000 366,000 $277,000 100,000 $177,000 50,000 $127,000 50,800 $76,200 $45,000 70,000 10,000 25,000 150,000 $300,000 $500,000 $250,000 600,000 350,000 $1,200,000 $2,000,000 Gross profit Selling and administrative expense Operating income Interest expense Income before tax Income tax expense (40%) Net income Accounts payable Accrued liabilities Income taxes payable Interest payable Short-term loans payable Total current liabilities Long-term bonds payable Preferred stock, 1096, $100 par Common stock, no par Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Required: 1. Compute the following ratios for Redwood Enterprises: a. Return on sales .Asset turnover (Assume that total assets at the beginning of the year were $1,600,000.) c. Return on assets d. Return on common stockholders' equity (Assume that the only changes in stockholders' equity during the year were from the net income for the year and dividends on the preferred stock.) When computing percentage amounts, carry out calculations to four decimal places, but enter your answers to two decimal places; for example, .17856 rounds to.1786 and would be entered as 17.86. a. Return on sales b. Asset turnover (round to 2 decimal places) c. Return on assets d. Return on common stockholders' equity times