Low's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) B Click the icon to view the balance sheets.) Low's has 20,000 common shares outstanding during 2024. Read the requirements COD Requirement 1. Compute the profit margin ratio for Low's Companies for 2024. Begin by selecting the formula to calculate Low's Companies' profit margin ratio. Then enter the amounts and calculate the profit margin ratio for 2024. (Round your answer to one tenth of a percent, X.X%.) Profit margin ratio Balance sheets - X Income statement Low's Companies Balance Sheet May 31, 2024 and 2023 Low's Companies Assets Liabilities 2024 Income Statement X 2024 2023 2023 Requirements Years Ended May 31, 2024 and 2023 2024 Cash $ 2,500 $ 2023 12.900 11,100 25,000 Net Sales Revenue $ 55,400 $ 41,600 Short-term Investments Accounts Receivable Merchandise Inventory 7,600 24,000 Cost of Goods Sold 20,800 1. Compute the profit margin ratio for Low's Companies for 2024. 2. Compute the rate of return on total assets for 2024. 3. Compute the asset turnover ratio for 2024. 4. Compute the rate of return on common stockholders' equity for 2024. 5. Are these rates of return strong or weak? Explain your reasoning 25,500 7,200 6.000 1,200 Total Current Liabilities $ 26,000 $ 12,400 11,000 Long-term Liabilities 5,700 Total Liabilities 38,400 5,900 Stockholders' Equity 2,100 Common Stock 11,000 30.900 25,900 Retained Earnings 41,900 500 Interest Expense All Other Expenses 320 8,400 Other Current Assets 6.700 11.000 13.900 Total Current Assets $ 27,400 $ 7.380 48,300 32,000 Net Income All Other Assets 23,000 Total Equity 24.900 $ 80,300 $ 48,900 $ 80,300 $ 48,900 Total Assets Total Liabilities and Equity Print Done Print Done Print Done