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The income statement for Stretch-Tape Corporation reports net sales of $525,100 and net income of $64,080. Average total assets for the year are $890,000. Stockholders

The income statement for Stretch-Tape Corporation reports net sales of $525,100 and net income of $64,080. Average total assets for the year are $890,000. Stockholders equity at the beginning of the year was $590,000, and $29,000 was paid to stockholders as dividends during the year. There were no other stockholders equity transactions that occurred during the year. Required: Calculate the return on assets, profit margin, asset turnover, and return on equity ratios

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