Joe's Fish Hut Balance Sheet As at December 31
	2018	2017
ASSETS
Current Assets
Cash	$150,497	$65,400
Accounts receivable	$22,100	$13,600
Merchandise Inventory	$23,800	$28,900
Total Current Assets	$196,397	$107,900
Property, plant & equipment	$131,000	$176,000
Less: Accumulated depreciation	$-28,000	$-22,500
TOTAL ASSETS	$299,397	$261,400
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable	$32,100	$40,000
Notes Payable-Current Portion	$7,900	$7,900
Total Current Liabilities	$40,000	$47,900
Notes Payable-Noncurrent Portion	$80,000	$59,000
TOTAL LIABILITIES	$120,000	$106,900
Stockholders' Equity
Common stock	$73,000	$57,300
Retained earnings	$106,397	$97,200
TOTAL STOCKHOLDERS' EQUITY	$179,397	$154,500
TOTAL LIABILITIES AND EQUITY	$299,397	$261,400

Joe's Fish Hut Income Statement For the Year Ended December 31, 2018
Sales	$121,000
COGS	$88,900
Gross Profit	$32,100
Operating Expenses
Insurance Expense	$1,270
Rent Expense	$4,500
Salaries Expense	$4,160
Telephone Expense	$870
Interest Expense	$1,650
Depreciation Expense	$5,500
Total Operating Expenses	$17,950
Operating Profit Before Tax	$14,150
Income Tax Expense	$4,953
Net Profit (Loss)	$9,197

Complete the following ratio analysis.

Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the gross profit margin for the 2018. Gross Profit Margin: Answer % b) Calculate the net profit margin for 2018. Net Profit Margin: Answer % c) Calculate the return on equity for 2018. Return on Equity: Answer % d) Calculate the return on assets for 2018. Return on Assets: Answer % e) Calculate the asset turnover ratio for 2018. Asset turnover: Answer times