Activity No. 5: Exercise - Financial Ratios: Profitability Learning Target: To compute and interpret financial ratios Instructions: Determine and interpret the profitability ratios of Okinawa Company. Okinawa Company Statement of Financial Perfor,ance For the year ended December 31, 2018 Gross Sales P Sales Returns Net Sales P P Cost of Sales Gross Profit Administrative Expenses Selling Expenses Operating Profit before Taxes Income Tax Expense Net Profit 25,000,000.00 (200,000.00) 24,800,000.00 15,000,000.00 9,800,000.00 (400,000.00) (300,000.00) 9,100,000.00 (1,820,000.00) 7,280,000.00 P P Additional information: The total assets and total equity amounts to 10,200,000 and 8,300,200 respectively Gross Profit Margin Ratio Operating Profit Margin Ratio Net Profit Margin Ratio Return on Assets Return on Equity Interpretations: (Interpret and indicate below all the above ratios)