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2024 2023 2022 Total assets $349,930 $275,270 $274,057 Total shareholders' equity 133,280 100,040 49,810 Net sales 500,490 399,570 299,550 Cost of goods sold 375,360 290,280

2024 2023 2022 Total assets $349,930 $275,270 $274,057 Total shareholders' equity 133,280 100,040 49,810 Net sales 500,490 399,570 299,550 Cost of goods sold 375,360 290,280 180,350 Profit for the year 33,470 29.750 19,810. (a) Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on equity ratios for 2024 and 2023. (Rond answers to 1 decimal place, eg. 52.7)

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