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Chapter 14-HOMEWORK The following is selected balance sheet and income statement information for Lopez Company 9. Current Gross Profit Net AverageAverage Common Net $151,668 2018 $48,062 $200,680 $450,009 $63,500 $273,710 Compute Return on sales. A) 9.04% B) 9.52% C) 10.05% D) 11.23% E) 14.11% 10. The following is selected balance sheet and income statement information for Lopez Company 10. The following is selected balance sheet and income statement information for Lopez Company. NetAverageAverage Common Current Gross Profit Net Assets on Sales Sales Income Total Assets Stockholders' Equity $151,668 2018 $48,062 $200,680 $870,000 $45,216 $598,400 Compute asset turnover A) 145 B) 1.98 C) 2.64 D) 2.72 E) 3.12 df The following is selected balance sheet and income statement information for Lopez Company 11. Current Gross Profit Net Net Average Average Common Stockholders Inc $151,668 2018 $48,062 $200,680 $450,009 $45,216 $598,400 Compute Return on assets. A) B) C) D) E) 489% 6.11% 7.56% 9.00% 16.52% 12The following is selected balance sheet and income statement information for Lopez Company Current Gross Profit Net Assets on Sales Sales Income Total Assets Stockholders' Equity Net Average Average Common 2018 $48,062 $200,680 $450,009 $45,216 $273,710 $151,668 Compute Return on common stockholders' equity (Lopez Company has no preferred stock). A) 12.98% B) 28.89% C) 29.81% D) 28.81% E) 30.00%

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