Selected hypothetical comparative statement data are presented here. All balance sheet data are as of the end of the fiscal year (in millions).

2022 2021
Net sales $4,950.2 $4,900.0
Cost of goods sold 3,900.9 4,000.9
Net income 55.0 190.9
Accounts receivable 65.0 104.4
Inventory 1,250.1 1,350.1
Total assets 2,850.0 3,150.0
Total common stockholders’ equity 910.3 1,070.2

Compute the following ratios for 2022. (Round asset turnover to 2 decimal places, e. g 1.83 and all other answers to 1 decimal place, e. g. 1.8 or 2.5%)
(a) Profit margin, enter profit margin in percentages rounded to 1 decimal place.
(b) Asset turnover, enter asset turnover in times rounded to 2 decimal places.
(c) Return on assets, enter return on assets in percentages rounded to 1 decimal place.
(d) Return on common stockholders’ equity, enter return on common stockholders' equity in percentages rounded to 1 decimal place.
(e) Gross profit rate, enter gross profit rate in percentages rounded to 1 decimal place.

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

1. what is the lowest balance during this period? 2. lily just received her bank statement below. a. what does the bank think her ending balance is? b. how much more does the bank think lily has? c. what transactions are missing? 3. what is the danger of not balancing your bank account? lily’s bank statement deposits: 2/25 $35 2/26 $20 3/1 $256.32 checks: 2/24 ck #301 $25 2/26 #302 $150 debit card: 2/24 american eagle $75.48 2/25 chick fa la $4.67 2/27 mcdonalds $3.56 2/28 chevron $34.76 withdrawal: 2/27 $40 beginning balance $423.34 deposits $311.32 total debits $333.47 ending balance $401.19

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.