Profitability Ratios SE6. BUSINESS APPLICATION Using the following information from a balance sheet and an income statement, compute the (1) profit margin, (2) asset turnover, (3) return on assets, (4) debt to equity ratio, and (5) return on equity. (The previous year's total assets were $200,000, and stockholders' equity was $140,000.) (Round to one decimal place.) LO 3 RATIO 260,000 140,000 80,000 $240,000 Net sales Total assets Total liabilities 60,000 180,000 Cost of goods sold Operating expenses Total stockholders equity