What is the return on assets (round tax rate to the nearest whole percent in your intermediate calculations)? Net income: $24,000 Total Assets: $400,000 Next Year Assets: $380,000 Interest Expense: $11,000

Ratio Analysis Byers Company presents the following condensed income statement and condensed December 31 balance sheet: Additional information: 1. The company's common stock was outstanding the entire year. 2. Dividends of $1.50 per share on the common stock were declared during the year. 3. On December 31 common stock is selling for $20 per share. 4. On January 1 the accounts receivable (net) balance was $24,000, total assets amounted to $380,000, and total shareholders' equity was $241,000. 5. Of the company's net sales, 78% are on credit. 6. The company operates on a 365-day business year. Required: On the basis of the preceding information, compute the following ratios for the Byers Company: (Round to two decimal places.) 1. Earnings per share: 2. Gross profit margin: 3. Operating profit margin: 4. Net profit margin: 5. Total asset turnover: 6. Return on assets (Round tax rate to the nearest whole percent in your intermediate calculations.) 7. Return on common equity 8. Receivables turnover (in days): (Round your intermediate calculation to two decimal places.) 9. Interest coverage: (in times)