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2021 2020 2019 Total assets $357.000 $274,000 $283,000 Total shareholders' equity 139,000 103,000 50,500 505,000 390,000 308,000 Sales Cost of goods sold 378.245 281,190 167,000
2021 2020 2019 Total assets $357.000 $274,000 $283,000 Total shareholders' equity 139,000 103,000 50,500 505,000 390,000 308,000 Sales Cost of goods sold 378.245 281,190 167,000 Net income 32,320 29,250 21,200 Beca had no preferred shares. (a) Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place e.g. 2.6. Round asset turnover to 2 decimal places e.g. 6.21.) 2021 2020 Gross profit margin % % Profit margin % % Asset turnover times times Return on assets % % Return on common shareholders' equity % %
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