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Question 1 (6 marks) ASC Corporation lists the following data for 2016 and 2017 : Required: 1. Calculate the following financial ratios for both years 2016 and 2017 : A. Net profit margin. B. Return on assets. C. Total asset turnover. D. Return on common equity. 2. Comment on the results. (For return on assets and total asset turnover, use end-of-year total assets; for return on common equity, use end-of-year common equity). Answer to Question 1 (6 marks) 1. Calculate the following financial ratios for both years 2016 and 2017 : 2. Comment on the results. (For return on assets and total asset turnover, use end-of-year total assets; for return on common equity, use end-of-year common equity)