Score: 0 of 1 pt 4 of 5 (3 complete) HW Score: 52 18 % , 261 of S15-9 (similar to) Question Help Triumph's Companies, a home improvement store chain, reported the following summarized figures: (Cick the icon to view the income statement) (Click the icon to view the balance sheets.) Triumph's has 40,000 common shares outstanding during 2018. Read the requirements Requirement 1. Compute the profit margin ratio for Triumph's Companies for 2018 Begin by selecting the formula to calculate Triumph's Companies profit margin ratio. Then enter the amounts and calculate the profit margin ratio for 2018. (Round your answer to one tenth of a percent, XX%) Total equity Preferred dividends Profit margin ratio Choose from any drop-down list and then click Check Answer Check Answer parts remaining Clear A Type here to search 15 4 of 5 (3 complete) v X Income Statement Triumph's Companies Income Statement Years Ended May 31, 2018 and 2017 2017 2018 for 20 Net Sales Revenue 55.400 $ 42.900 Cost of Goods Sold 20,600 28,600 Interest Expense 200 140 6.200 All Other Expenses 8.400 $ 28,400 S 5,760 Net Income Print Done EW e Homework 15 4 of 5 (3 complete) HW S alance Sheets Triumph's Companies Balance Sheet May 31, 2018 and 2017 Assets Liabilities 2018 2017 2018 2017 Cash 2.500 S Total Current Liabilitios 1,900 24,000 $ 13,100 Short-terrm Investments 29.000 13,100 12,000 Long-term Liabilities 12,900 Accounts Receivable 7,400 5,400 Total Liabilities 37,100 26,000 Merchandise Inventory 7.100 5.900 Stockholders' Equity Print Done Cear A o search a Homework 15 4 of 5 (3 complete) HW S Balance Sheets EUTE EVIV 1,900 Total Current Liabilities Cash 2,500 $ 24,000 S 13,100 13,100 12,900 Short-term Investments 12,000 Long-term Liabilities 29,000 Accounts Receivable 5,400 Total Liabilities 7,400 37.100 26.000 Merchandise Inventory 7,100 Stockholders' Equity 5,900 2.500 Common Stock 7.000 Other Current Assets 12,000 12,000 33,900 17,700 Total Current Assets 27,700 Retained Earnings 28,000 Total Equity 53,000 30,000 45,900 All Other Assets 29,700 55,700 Total Liabilities and Equity S 83,000 S Total Assets 83,000 S 55,700 Pint Done CRaAr Cne to search 44 R chain, reported the following summarized figures: (Click the icon to view the balance sheets.) Requirements or 1. Compute the profit margin ratio for Triumph'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 ph' Print Done ck Check Answer Clear All a e