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

		2018		2019		2020
Sales		$18,800		$28,000		$33,100
Average total assets		25,644		33,916		46,241
Average shareholders equity		13,354		20,368		31,768
Net income		643		1,689		3,463
Gross profit		9,212		15,120		18,205

For each year:

1. 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. %

2. 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. %

3. Calculate the companys gross margin.

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