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RO Larry Landecaping accounting system provided the following data for the lost two years: 2020 2019 Revenues $42.250 $ 31,500 Gross Profit 21,000 17,000 Operating

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RO Larry Landecaping accounting system provided the following data for the lost two years: 2020 2019 Revenues $42.250 $ 31,500 Gross Profit 21,000 17,000 Operating expenses 11,500 7,750 Interest expense 3,500 3,000 Income tax 1,500 950 Total assets 175,000 160,000 Total abilities 80,000 75,000 Total equity 95,000 85,000 Instructions Calculate the profit margin, return on assets, and return on equity for 2020. Explain what each ratio measures in general, and what each specifically indicates for Larry's Landscaping A B 1

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