The following figures are extracted from the accounts of Gordon Ltd, which is in the hardware business.

2019 2018

$ $

Revenue 9,544,00 7,664,000

Gross Profit 3,006,000 2,582,000

Operating profit 590,000 574,000

Total Asset 6,011,000 5,722,000

Calculate the following ratios for years 2019 and 2018 and comment on the profitability of Gordon Ltd.

a) Gross Profit Margin

b) Operating Profit Margin

c) Return on Total Assets