S 15-9 (Simal 1) Queslill neip i Requirements Victory's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Victory's has 40,000 common shares outstanding during 2018 Read the requirements 1. Compute the profit margin ratio for Victory's Companies for 2018. 2. Compute the rate of return on total assets for 2018. 3. Compute the asset turnover ratio for 2018. 4. Compute the rate of return on common stockholders' equity for 2018 5. Are these rates of return strong or weak? Explain your reasoning. Requirement 1. Compute the profit margin ratio for Victory's Companies for 2018. Begin by selecting the formula to calculate Victory's Companies' profit margin ratio. Then enter the amounts and calculate the profit margin ratio for 2014 = Profit margin ratio Print Done i Income Statement - X i Balance Sheets Victory's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 Victory's Companies Balance Sheet May 31, 2018 and 2017 2017 Assets 2018 Liabilities 2018 2017 2017 Cash $ Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses 46,500 $ 21,200 200 7,500 17,600 $ 44,700 24,900 140 8,400 11,260 12,800 11,600 2,100 $ 29,000 7,300 6,800 6,000 1,300 13,000 5.700 6,300 1,700 24,400 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets $ Net Income Total Current Liabilities $ 25,000 $ 13,200 Long-term Liabilities Total Liabilities 38,200 Stockholders' Equity Common Stock 13,000 Retained Earnings 31,000 Total Equity 44,000 82,200 $ Total Liabilities and Equity Print Done 51,200 31,000 13,000 16,600 29,600 28,000 26,000 54,000 All Other Assets Choose from any drop-down list and then click Check Answer. 82,200 $ 54,000 Total Assets