Resolve the following Financial Ratios a. Profit Margin b. Asset Turnover c. Return on Assets

1. Horizontal Method (8 points) Increase or (Decrease) during 2020 Amount Percent 2020 2019 38.8% Assets Current assets Plant assets (net) Intangible assets Total assets $1,078,600 $59,968 7.9% $3,855,000 $2,776,400 $810,000 $750,032 $75,000 $35,000 $4,740,000 $3,561,432 114.3% $40,000 $1,178,568 33.1% 2. Vertical Method (2 points) Q Sales revenue Sales returns and allowances Net Sales CGS Gross profit 2020 Amount Percent $4,765,000 102.3% $107,000 2.3% $4,658,000 100.0% $2,100,000 45.1% $2,558,000 54.9%