Question
Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2021 and 2020. (Round gross
Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place e.g. 2.6. Round asset turnover to 2 decimal places e.g. 6.21.) 2021 2020 Gross profit margin % % Profit margin % % Asset turnover times times Return on assets % % Return on common shareholders' equity % % Attempt Progress The following selected information is for Pearl City Corporation: 2021 2020 Total assets $337,000 $262,000 2019 $261,000 Total shareholders' equity 127,000 93,500 43,500 Sales 487,000 387,000 287,000 Cost of goods sold 361,841 277,092 167,000 Net income 32,142 28,638 18,700 Pearl City had no preferred shares
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