Low's Companies, a home improvement store chain, reported the following summarized figures (Click the icon to view the income statement) Click the icon to view the balance sheets.) Low's has 20,000 common shares outstanding during 2018 Read the requirements Requirement 1. Compute the profit margin ratio for Low's Companies for 2018. Begin by selecting the formula to calculate Low's Companies' profit margin ratio. Then enter the amounts and calculate tt Net income Net sales Profit margin ratio S 20,800 49,200 423 5 Requirement 2. Compute the rate of return on total assets for 2018 Begin by selecting the formula to calculate Low's Companies' rate of return on total assets. Then enter the amounts and ce Net income Preferred dividends Total assets = Rate of return on tota D + Income statement - X Low's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 $ 49 200 $ 38.800 21,400 21 200 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income 500 140 6.700 7.100 S 20,800 $ 10.160 Pnnt Done He Low's Companies Balance Sheet May 31, 2018 and 2017 Assets Liabilities 2018 2017 2018 2017 Cash 2.300 $ 13,300 10,200 25,000 7,600 23,500 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets 7 200 9,000 1,600 Total Current Liabilities 5 21,000 $ 12,000 Long-term Liabilities 13.600 5,600 Total Liabilities 34,600 8.200 Stockholders' Equity 1.800 Common Stock 12.000 37500 29.200 Retained Earnings 49,500 12.000 22,700 51,100 33,000 29,000 Total Equity 34,700 All Other Assets 84,100 5 $ 84,100 5 58.200 Total Assets 58.200 Total Liabilities and Equity Requirements 1. Compute the profit margin ratio for Low's Companies for 2018. 2. Compute the rate of retum on total assets for 2018. 3. Compute the asset turnover ratio for 2018. 4. Compute the rate of return on common stockholders' equity for 2018. 5. Are these rates of return strong or weak? Explain your reasoning. h of 10 Begin by selecting the formula to calculate Low's Companies rate of return on total assets Then enter the wounts and calculate the rate of retum on fotolasses for 2018 Round your answer to one alap Rate of return on total