$($Calculate and compare profitability ratios.$)$ The following selected information is for Karatu Corporation:

$202420232022$Total assets$$350,000$$$275,000$$$274,000$Total shareholders$$ equity$133,500100,00050,000$Sales$500,000400,000300,000$Cost of goods sold$375,000290,000180,000$Net income$33,50030,00020,000$Karatu had no preferred shares.InstructionsCalculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders$$ equity ratios for $2024$ and $2023.$Indicate whether each of the profitability ratios calculated in part $($a$)$ is better or worse in $2024.$