Below, the trial balance for Rodan, Inc is presented for years 2018 and 2019. Calculate the answers to the six questions that follow the trial balance and enter the answers in Blackboard.
Rodan, Inc.
Trial Balance
31-Dec-19
	2019		2018
Account Name	Debit	Credit	Debit	Credit
Cash	52,000		32,000
Accounts Receivable	101,000		98,000
Supplies	2,500		12,200
Inventory	65,500		42,300
Prepaid Expenses	12,300		24,000
Land	309,700		309,700
Building	385,000		385,000
Accumulated Depreciation-Building		76,300		58,600
Accounts Payable		42,100		38,900
Salaries Payable		13,200		9,700
Income Taxes Payable		34,000		26,000
Notes Payable		100,000		100,000
Bonds Payable		200,000		200,000
Common Stock		220,000		220,000
Retained Earnings		67,000		49,000
Sales Revenue (Net)		956,000		1,050,650
Cost of Goods Sold	360,000		456,950
Advertising Expense	67,900		70,000
Depreciation Expense	17,700		17,700
Insurance Expense	1,000		1,000
Rent Expense	24,000		24,000
Salaries Expense	310,000		280,000
	1,708,600	1,708,600	1,752,850	1,752,850
1. What is the net income for 2019?
2. What is the gross margin in dollars for 2019?
3. What is the gross margin percentage for 2019?
4. What is the profit margin percentage for 2019?
5. What is the return on equity for 2019?
6. What is the return on assets for 2019?