Acer's Companies, a home improvement store chain, reported the following summarized figures mix the icon to view the income stament) Click the icon to view the balance sheets) Acce's has 10.000 common shares outstanding during 2024 Read the rules Requirement 1. Compute the profit margin ratio for Accel's Companies for 2024 Begin by selecting the formula to cebulete Acces Companies' proft margin ratio. Then enter the amounts and calculate the profit margin ratio for 2004. (fround your new to one tenth of a percent. XXX) Profit marginio Requirement 1. Compute the profit margin ratio for Acces Companies for 2004 2. Compute the rate of return on total assets for 2004 Compute the asset tumover ratio for 2024 4. Compute the rate of retum on common stockholders' equity for 2024 5. Are these tales of return strong or weak? Explain your reasoning Print Done i Income Statement X Accel's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 2023 $ 40,600 $ 40,500 Net Sales Revenue Cost of Goods Sold 28,400 30,600 Interest Expense 600 570 All Other Expenses 4,300 8,200 7,300 $ 1,130 Net Income Print Done Balance Sheets - X Assets 2024 2023 13,200 10,300 Acce's Companies Balance Sheet May 31, 2024 and 2023 Liabilities 2023 2024 900 Total Current Liabilities $ 28,000 $ 9,000 Long-term Liabilities 13,900 5,200 Total Liabilities 41,900 8,600 Stockholders' Equity 1,500 Common Stock 11,000 25,200 Retained Earnings 29,900 40,900 Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets Total Assets 2,400 $ 28,000 7,500 6,900 8,000 23,500 11,000 19,700 52,800 30,000 29,000 Total Equity 30,700 S 82,800 $ 54,200 Total Liabilities and Equity 82,800 $ 54,200 Print Done