PLEASE HELP

High's Companies, a home improvement store chain, reported the following summartzed figures: m Click the icon to view the income statement) (Click the icon to view the balance sheets) High's has 40,000 common shares outstanding during 2024 Read the requirements Requirement Compute the profit margin ratio for High's Companies for 2024 Begin by selecting the formula to chovo High's Companies' profit margin roto. Then enter the amounts and calculate the profit margin ratio for 2034 (Round your answer to one tonth of in percent, X.X%) Profit margin ratio x Requirements 1. Compute the profit margin ratio for High Companion for 2024 2. Compute the rate of return on total assets for 2024 3. Compute the assot turnover ratio for 2024 4. Compute the rate of return on common stockholders' equity for 2024 5. Are those rates of return strong or weak? Explain your reasoning High's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 43,700 $ 39,800 Cost of Goods Sold 20,800 25,500 Interest Expense 200 140 All Other Expenses 7,500 7,800 $ 15,200 $ Net Income 6,360 High's Companies Balance Sheet May 31, 2024 and 2023 Assets 2024 Liabilities 2024 2023 2023 13,000 22,000 $ 2,100 $ 1,200 Total Current Liabilities 12,400 10,900 29,000 12,000 Long-term Liabilities 34,400 23,900 7,300 5,400 Total Liabilities Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets 6,800 7,500 Stockholders' Equity 11,000 1,700 Common Stock 11,000 40,800 11,000 15,900 27,800 Retained Earnings 56,200 30,000 23,000 Total Equity 51,800 26,900 All Other Assets