find the gross profit ratio, return on assests, profit margin, asset turnover, and return on equity. Round answers to the nearest decimal place.

Required: 1. Colculate the following profitability ratios for 2024 : 2. When we compare two companies, can one have a higher return on assets while the other has a higher return on equity? Complete this question by entering your answers in the tabs below. Colculate the following profitability ratios for 2024: (Round your answers to 1 decimal place.)