The balance sheet and income statement for Joe's Fish Hut are presented below: Joe's Fish Hut Balance Sheet As at October 31 2020 2019 ASSETS Current Assets Cash $186,152 $55,300 Accounts receivable $22,600 $15,300 Merchandise Inventory $21,100 $28,900 Total Current Assets $229,852 $99,500 Property, plant & equipment $127,000 $192,000 Less: Accumulated depreciation $-29,400 $-23,100 TOTAL ASSETS $327,452 $268,400 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts navable $21 200l (25 200 TOTAL ASSETS $327,452 $268,400 LIABILITIES AND EQUITY Liabilities Current Liabilities Accounts payable $31,200 $35,200 Notes Payable-Current Portion $8,100 $8,100 Total Current Liabilities $39,300 $43,300 Notes Payable-Long-Term Portion $73,000 $42,000 TOTAL LIABILITIES $112,300 $85,300 Shareholders' Equity Common shares $77,000 $54,100 Retained earnings $138,152 $129,000 TOTAL SHAREHOLDERS' EQUITY $215,152 $183,100 TOTAL LIABILITIES AND EQUITY $327,452 $268,400 Joe's Fish Hut Income Statement For the Year Ended October 31, 2020 Sales $124,000 COGS $89,400 Gross Profit $34,600 Operating Expenses Insurance Expense $1,520 Rent Expense $5,270 Salaries Expense $4,710 Telephone Expense $730 Interest Expense $1,990 Depreciation Expense $6,300 Total Operating Expenses $20,520 Operating Profit Before Tax $14,080 Income Tax Expense $4,928 Net Profit (Loss) $9,152 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 2020. Gross Profit Margin: % b) Calculate the net profit margin for 2020. Net Profit Margin: % C) Calculate the return on equity for 2020. Return on Equity: % d) Calculate the return on assets for 2020. Return on Assets: % e) Calculate the asset turnover ratio for 2020. Asset turnover: times