Succeeds Companies, a home improvement store chain, reported the following summarized figures 3. (Click the icon to view the income statement.) Click the icon to view the balance sheets) Succeed's has 50,000 common shares outstanding during 2018 Read the requirements Requirement 1. Compute the profit margin ratio for Succeed's Companies for 2018 Begin by selecting the formula to calculate Succeed'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%) Profit margin ratio Income Statement Succeed's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 Net Sales Revenue $ 42,400 $ 38,800 Cost of Goods Sold 23,300 24,900 Interest Expense 320 400 6,200 All Other Expenses 7,800 $ Net Income 12,500 $ 5,780 ho Print Done Balance Sheets May 31, 2018 and 2017 Assets Liabilities 2018 2017 2018 2017 Cash 2,200 5 12 900 10.900 26,000 23,800 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets 7,400 7.000 10,000 1,900 Total Current Liabilities $ 22,000 $ 11,000 Long-term Liabilities 12,800 5,700 Total Liabilities 34.800 6,300 Stockholders' Equity 1,700 Common Stock 12.000 26,600 Retained Earnings 35,800 29.000 Total Equity 47.800 55,600 Total abilities and Equity 82,600 5 52,600 30.000 12.000 19,800 31 800 $ Total Assets 82,600 5 55,600 Print Done Requirements 1. Compute the profit margin ratio for Succeed'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 Print Done LA