please answer 3-5

The following selected amounts were extracted from the financial statements of Smith Corporation. Use this information to answer questions 3 through Year Year 4 Year 3 Year 2 $325,000 175,000 et sales Gross margin Net income $385.000 216,000 39,000 $370,000 207.000 38,500 $350,000 192,500 35,500 o 3) Which year featured the highest profit margin? a) Year 1 24,000 b) Year 2 c) Year 3 d) Year 4 4) Perform a trend analysis for Net Sales. Which of the following answers best represents the percentage change from Year 2 to Year 3? a) 4.05% b) 7.15% c) 5.71% d) 7.69% 5) What is the gross margin percentage for Year 3? a) 56.1% b) 55.0% c) 53.85% d) 55.95% 6) A common measure of profitability is the Asset turnover b) Debt to equity ratio c) Current ratio d) Receivable turnover