The balance sheet and income statement for Joe's Fish Hut are presented below:

Joe's Fish Hut Balance Sheet As at July 31
	2018	2017
ASSETS
Current Assets
Cash	$155,875	$64,600
Accounts receivable	$20,300	$16,400
Merchandise Inventory	$21,600	$26,700
Total Current Assets	$197,775	$107,700
Property, plant & equipment	$148,000	$174,000
Less: Accumulated depreciation	$-30,000	$-23,000
TOTAL ASSETS	$315,775	$258,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable	$29,900	$41,800
Notes Payable-Current Portion	$6,600	$6,600
Total Current Liabilities	$36,500	$48,400
Notes Payable-Noncurrent Portion	$78,000	$49,000
TOTAL LIABILITIES	$114,500	$97,400
Stockholders' Equity
Common stock	$67,000	$51,400
Retained earnings	$134,275	$109,900
TOTAL STOCKHOLDERS' EQUITY	$201,275	$161,300
TOTAL LIABILITIES AND EQUITY	$315,775	$258,700

Joe's Fish Hut Income Statement For the Year Ended July 31, 2018
Sales	$140,000
COGS	$81,200
Gross Profit	$58,800
Operating Expenses
Insurance Expense	$1,450
Rent Expense	$4,810
Salaries Expense	$5,490
Telephone Expense	$660
Interest Expense	$1,890
Depreciation Expense	$7,000
Total Operating Expenses	$21,300
Operating Profit Before Tax	$37,500
Income Tax Expense	$13,125
Net Profit (Loss)	$24,375

Complete the following ratio analysis.

Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal places. a) Calculate the gross profit margin for the 2018. Gross Profit Margin: Answer % b) Calculate the net profit margin for 2018. Net Profit Margin: Answer % c) Calculate the return on equity for 2018. Return on Equity: Answer % d) Calculate the return on assets for 2018. Return on Assets: Answer % e) Calculate the asset turnover ratio for 2018. Asset turnover: Answer times