Comparative income statement data for Carla Vista Inc. and Martinez Ltd., two competitors, are shown below for the year ended December 31, 2021.

		Carla Vista		Martinez
Net sales		$1,920,000		$563,000
Cost of goods sold		1,102,080		356,942
Gross profit		817,920		206,058
Operating expenses		556,800		87,828
Profit from operations		261,120		118,230
Interest expense		6,960		1,252
Profit before income tax		254,160		116,978
Income tax expense		76,248		29,245
Profit		$177,912		$87,733

Additional information:
Average total assets		$894,000		$250,563
Average total shareholders equity		751,000		212,808

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Solve

1) Using vertical analysis, calculate the percentage of the base amount of the income statement for each company. (Round answers to 1 decimal place, e.g. 12.5%.)

2) Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on equity ratios for 2021 for each company. (Round answers to 1 decimal place, e.g. 12.5 or 12.5%.)