Wigglewobbles is a US-based pet toy company currently focused on cats and dogs with $10,000,000 in net sales, $1,000,000 in net income after taxes (in other words, profits), and $4,000,000 in owners equity. Current assets for Wigglewobbles account for 15% of its total assets. Current liabilities are $250,000 and long-term liabilities are $750,000. 15. True or False? Return on sales equals 10% and return on equity equals 25%. _____________