The income statement for Stretch-Tape Corporation reports net sales of $325,600 and net income of $42,180. Average total

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The Income Statement For Stretch Tape Corporation Reports Net Sales Of 325 600 And Net Income Of 42 180 Average Total 1 (18.98 KiB) Viewed 41 times

The income statement for Stretch-Tape Corporation reports net sales of $325,600 and net income of $42,180. Average total assets for the year are $740,000. Stockholders' equity at the beginning of the year was $440,000, and $14,000 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. (Round your answers to 1 decimal place.) Profitability Ratios % Return on assets Profit margin % Asset turnover times Return on equity %