The following is selected balance sheet and income statement information for Lopez Company.
Current Assets
Gross
Profit on Sales
Net
Sales
Net
Income
Average
Total Assets
Average Common Stockholders'
Equity
2016
$48,062
$200,680
$450,009
$45,216
$273,710
$151,668
Compute the following ratios:
a.
Gross profit percentage
b.
Return on sales
c.
Asset turnover
d.
Return on assets
e.
Return on common stockholders' equity (Lopez Company has no preferred stock)