Selected data from Carmen Company at year-end are presented below. 
Calculate:
(a) Asset turnover ratio
(b) Return on total assets
(c) Return on common stockholders' equity
(d) Earnings per share on common stock.Assume the company had no preferred stock or interest expense.Round dollar values to two decimal places and other final answers to one decimal place.
Definitions:
Consumer Sovereignty
The theory that consumer preferences determine the production of goods and services, making consumers the driving force of the economy.
Fundamental Economic Question
The basic inquiries regarding how a society decides on the allocation of scarce resources to satisfy unlimited wants.
Market System
An economic system where decisions regarding investment, production, and distribution are based on supply and demand.
Dollar Votes
A concept in economics where consumers show preference for goods and services by how they spend their money, influencing production and market trends.
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