The balance sheet and income statement for Joe's Fish Hut are presented below: Joe's Fish Hut Balance Sheet As at March 31 2018 2017 ASSETS Current Assets Cash $156,164 $56,900 Accounts receivable $24,000 $10,200 Merchandise Inventory $21,800 $26,800 Total Current Assets $201,964 $93,900 Property, plant & equipment $132,000 $182,000 Less: Accumulated depreciation $-26,000 $-20,800 TOTAL ASSETS $307,964 $255,100 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts payable $27,900 $36,700 Notes Payable-Current Portion $8,400 $8,400 Total Current Liabilities $36,300 $45,100 Notes Payable-Noncurrent Portion $79,000 $59,000 TOTAL LIABILITIES $115,300 $104,100 Stockholders' Equity Common stock $72,000 $50,200 Retained earnings $120,664 $100,800 TOTAL STOCKHOLDERS' EQUITY $192,664 $151,000 TOTAL LIABILITIES AND EQUITY $307,964 $255,100 Joe's Fish Hut Income Statement For the Year Ended March 31, 2018 Sales $134,000 COGS $85,500 Gross Profit $48,500 Operating Expenses Insurance Expense $830 Rent Expense $4,570 Salaries Expense $5,230 Telephone Expense $710 Interest Expense $1,400 Depreciation Expense $5,200 Total Operating Expenses $17,940 Operating Profit Before Tax $30,560 Income Tax Expense $10,696 Net Profit (Loss) $19,864 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