(ROE, ROA, and gross profit) The following financial information relates to Smooth Suds Brewery Ltd. (amounts in thousands):

		2018		2019		2020
Sales		$18,700		$27,900		$33,700
Average total assets		24,520		34,529		48,219
Average shareholders equity		14,367		23,686		33,405
Net income		665		1,710		3,686
Gross profit		9,350		14,787		18,535

For each year:

Calculate the return on equity. (Round answers to 1 decimal place, e.g. 15.1%.)

		2018		2019		2020
Return on equity		Enter percentages rounded to 1 decimal place. %		Enter percentages rounded to 1 decimal place. %		Enter percentages rounded to 1 decimal place. %

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Calculate the return on assets. (Round answers to 1 decimal place, e.g. 15.1%.)

		2018		2019		2020
Return on assets		Enter percentages rounded to 1 decimal place. %		Enter percentages rounded to 1 decimal place. %		Enter percentages rounded to 1 decimal place. %

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Question Part Score

--/33.33

Calculate the companys gross margin.

		2018		2019		2020
Gross profit margin		Enter percentages. %		Enter percentages. %		Enter percentages. %