Balance Sheet O poste Sharp Seal Computer Corp Assets C 2000 2010 the Congo 70 38 12 Deceber 31.2010 2020 2010 Liabilities and it 42532 Tot 15 Long.com TO 04 Todo 2 80 22 20 Como 179 152 250 212 16 Short-term met Account cevable Into Other catro Test Cad 62 Allow 20 25 DO Sharp Soal Computer Corp. a technology support company providing security for small business reported the sized foes in mon) (Click the icon to view the income statement) Click the icon to view the balance sheet) 1. Compute these profitability measures for 2020 a. Return on salos b. Return on assets, interest expense for 2020 was $0,7 milion C. Return on common shareholders oquity 2. Are these rates of retumstrong or weak? 1. a. Return on sales is IN (Round your answer to one decimal place.) b. Return on assets is 1 (Round your answer to one decimal place.) c. Rolumn on common shareholders equity is (Round your answer to one decimal place.) 2. Are these rates of return strong or weak? These rates of return are Enter your answer in each of the answer boxes el Com Corpo con providing forward (Click the icon to view the income statement) Click the icon to www the 1. Completo 2020 Bach a Ramona Income Statement Seal Com Corp Asses C den Sharp Seal Computer Corp incommon For the Year Ended Decabra.2020 635 Cast of goods sold 32 0.7 Alle 100 Dhe 2030 $ 04 04 ACO 22 income 212 200 Sharp Seal Computer Corp, a technology support company providing security for small businesses, reported these summarired figures in million) Click the icon to view the income statement.) Click the icon to view the balance sheet) 1. Compute these profitability measures for 2020 b. Return on assets, interest expense for 2020 was $0.7 milion c. Return on common shareholders' equily 2. Are those rates of return strong or weak? a. Return on sales 1. a. Retum on sales is % (Round your answer to one decimal place.) b. Return on assets in % (Round your answer to one decimal place.) c. Return on common shareholders equity is (Round your answer to one decimal place.) 2. Are those rates of return strong or weak? Those rates of retum are Enter your answer in each of the answer boxes Prepare a horizontally of the flowing comparative comment a Minutoning in Hound page change to east one to (Click the icon to view the comparative income statement Why was the percentage increase in net income gher than that in total during 2020 Increase/Decrease ) 2020 2010 Amt 5 Notas S541,000 471.000 Export Cost of sold 237.000 21000 Sering and expenses 148,000 139,000 Interest 20.000 12.000 51,000 31000 155.000 10.000 Total aspenses 3 85.000 0100 Notico Enter any number in the editfelds and the continue to the next gunstion Income Statement For the Years Ended December 31, 2020 and 2019 2020 2019 Jet sales $ 541,000$ 471,000 Expenses Cost of goods sold Selling and general expenses EZ 237,000 214,000 148,000 139,000 Interest expense 14,000 20,000 51,000 Wages expense 43,000 Total expenses 456,000 410,000 Net income $ 85,000 $ 61,000 Balance Sheet O poste Sharp Seal Computer Corp Assets C 2000 2010 the Congo 70 38 12 Deceber 31.2010 2020 2010 Liabilities and it 42532 Tot 15 Long.com TO 04 Todo 2 80 22 20 Como 179 152 250 212 16 Short-term met Account cevable Into Other catro Test Cad 62 Allow 20 25 DO Sharp Soal Computer Corp. a technology support company providing security for small business reported the sized foes in mon) (Click the icon to view the income statement) Click the icon to view the balance sheet) 1. Compute these profitability measures for 2020 a. Return on salos b. Return on assets, interest expense for 2020 was $0,7 milion C. Return on common shareholders oquity 2. Are these rates of retumstrong or weak? 1. a. Return on sales is IN (Round your answer to one decimal place.) b. Return on assets is 1 (Round your answer to one decimal place.) c. Rolumn on common shareholders equity is (Round your answer to one decimal place.) 2. Are these rates of return strong or weak? These rates of return are Enter your answer in each of the answer boxes el Com Corpo con providing forward (Click the icon to view the income statement) Click the icon to www the 1. Completo 2020 Bach a Ramona Income Statement Seal Com Corp Asses C den Sharp Seal Computer Corp incommon For the Year Ended Decabra.2020 635 Cast of goods sold 32 0.7 Alle 100 Dhe 2030 $ 04 04 ACO 22 income 212 200 Sharp Seal Computer Corp, a technology support company providing security for small businesses, reported these summarired figures in million) Click the icon to view the income statement.) Click the icon to view the balance sheet) 1. Compute these profitability measures for 2020 b. Return on assets, interest expense for 2020 was $0.7 milion c. Return on common shareholders' equily 2. Are those rates of return strong or weak? a. Return on sales 1. a. Retum on sales is % (Round your answer to one decimal place.) b. Return on assets in % (Round your answer to one decimal place.) c. Return on common shareholders equity is (Round your answer to one decimal place.) 2. Are those rates of return strong or weak? Those rates of retum are Enter your answer in each of the answer boxes Prepare a horizontally of the flowing comparative comment a Minutoning in Hound page change to east one to (Click the icon to view the comparative income statement Why was the percentage increase in net income gher than that in total during 2020 Increase/Decrease ) 2020 2010 Amt 5 Notas S541,000 471.000 Export Cost of sold 237.000 21000 Sering and expenses 148,000 139,000 Interest 20.000 12.000 51,000 31000 155.000 10.000 Total aspenses 3 85.000 0100 Notico Enter any number in the editfelds and the continue to the next gunstion Income Statement For the Years Ended December 31, 2020 and 2019 2020 2019 Jet sales $ 541,000$ 471,000 Expenses Cost of goods sold Selling and general expenses EZ 237,000 214,000 148,000 139,000 Interest expense 14,000 20,000 51,000 Wages expense 43,000 Total expenses 456,000 410,000 Net income $ 85,000 $ 61,000