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3. Calculate the profitability ratios for the following scenarios using the given net income and net sales. Use the formulas provided to determine the profitability

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3. Calculate the profitability ratios for the following scenarios using the given net income and net sales. Use the formulas provided to determine the profitability ratios. Round your answers to two decimal places. Scenario 1: Company ABC has the following financial information for the year 2022: - Net Sales: $230,000 - Net Income: $140,000 Scenario 2: Company XYZ has the following financial information for the year 2022 : - Net Sales: $800,000 - Net Income: $150,000 Scenario 3: Company PQR has the following financial information for the year 2022

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