Use the following information to answer the next ten questions: Excerpts from Stealth Company's December 31, 2019 and 2018, financial statements are presented below: 2019 2018 Accounts receivable $ 40,000 S 36,000 Inventory 28,000 35,000 Net sales 190,000 186,000 Cost of goods sold 114,000 108,000 Total assets 425,000 405,000 Total stockholders' equity 240,000 225,000 Net income 32,500 28,000 QUESTION 10 Stealth Company's 2019 gross profit ratio is: 77.1% 80.0% 40.0% QUESTION 12 Stealth Company's 2019 profit margin is: 17.1% 0 0 b. 13.5% 0 7.6% 0 4.5% QUESTION 13 Stealth Company's 2019 asset turnover is: 3.7 times 2.8 times 2.2 times 0.5 times QUESTION 14 Stealth Company's 2019 return on equity is: 17.1% 14.0% 12.6% 7.1% QUESTION 15 If a company's sales are $648,000 in 2015, and this represents an 8% increase over sales in 2014, what were sales in 2014? You have only two choices below. a $600,000 b. $700,000