Nick Scali Limited operates in the retail furniture trade. The following information is available.

	Dec 2020	June 2020	Dec 2019	June 2019
Return on Total Assets
Net Profit before Interest & tax 100 Average Total Assets X 1	16%	12%	12%	10%
Return on Sales
Net Profit before Interest & tax 100 Sales X 1	24%	17%	15%	13%
Sales Turnover
Sales . Average Total Assets	?	?	?	?

Income Statement (Extract)

	Dec 2020 million	%	June 2020 million	%	Dec 2019 million	%	June 2019 million	%
Sales	171	100	125	100	138	100	127	100
COGS	61		46		52		47
Gross Profit	110		79		86		80
Net Profit before Interest and tax	41		21		21		17

Balance Sheet (Extract)

	Dec 2020 million		June 2020 million		Dec 2019 million		June 2019 million
Average Total Assets	256		175		175		170

Required

(a) Calculate

(i) The Gross Profit Margin for Dec 2020 June 2020 Dec 2019 and June 2019

(ii) The Sales Turnover for Dec 2020 June 2020 Dec 2019 and June 2019

(b) Write a brief comment on the profitability of Nick Scali Limited including three pieces of additional information, were it available, that may assist your

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