Example Corporation Income Statement For the year ended December 31, 2018 Sales (all on credit) Cost of goods sold Gross profit $500,000380,000120,000 Operating expenses Selling expenses Administrative expenses Total operating expenses Operating income Interest expense Income before taxes Income tax expense 28,000 35. Calculate the Return on Assets (ROA) a. 18.6% b. 19.22% c. 19.93% d. 22.77% 36. Calculate the Return on Equity (ROE) a. 15.27% b. 27.06% c. 21.21% d. 17.78% 37. Calculate the Net Profit Margin a. 5.15% b. 4.25% c. 9.22% d. 4.60% 38. Calculate the Debt Ratio a. 15.84%