Achieve's Companies, a home improvement store chain, reported the following summarized figures:

Achieve's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Achieve's has 20,000 common shares outstanding during 2018. Read the requirements Requirement 1. Compute the profit margin ratio for Achieve's Companies for 2018 Begin by selecting the formula to calculate Achieve's Companies' profit margin ratio. Then enter the amounts and calculate the profit margin ratio for 2018 (Round your answer to one tenth of a percent, XX%) - Profit margin ratio Achieve's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income 51,200 50,700 28,600 280 7,800 14,020 20,800 400 6,200 23,800 S Achieve's Companies Balance Sheet May 31, 2018 and 2017 Assets Liabilities 2018 2017 2018 2017 2,000 $ 24,000 7,400 7,300 11,000 51,700 35,000 86,700 $ 29,000 $ 12,500 12,900 11,900 Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets Total Assets 1,900 Total Current Liabilities$ 14,000 Long-term Liabilities 41,500 24,800 5,300 Total Liabilities 8,200 2,300 Stockholders' Equity 9,000 36,200 45,200 86,700 $ 9,000 23,900 32,900 57,700 Common Stock 31,700 Retained Earnings 26,000 Total Equity 57,700 Total Liabilities and Equity Requirements 1. Compute the profit margin ratio for Achieve's Companies for 2018. 2. Compute the rate of return on total assets for 2018. 3. Compute the asset turnover ratio for 2018. 4. Compute the rate of return on common stockholders' equity for 2018 5. Are these rates of return strong or weak? Explain your reasoning