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Required: 1 . Calculate the following profitability ratios a . Gross profit ratio % b . Return on assets % c . Profit margin %

Required:
1. Calculate the following profitability ratios a. Gross profit ratio%
b. Return on assets%
c. Profit margin%
d. Asset turnover times
e. Return on equity%
2.When we compare two companies, can one have a higher return on assets while the other has a higher return on equity?
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