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The following selected information is for Bellevue Corporation: 2021 2020 2019 Total assets $361,000 $266,000 $280,000 Total shareholders' equity 128,000 99,500 45,000 Sales 503,000 410,000
The following selected information is for Bellevue Corporation: 2021 2020 2019 Total assets $361,000 $266,000 $280,000 Total shareholders' equity 128,000 99,500 45,000 Sales 503,000 410,000 296,000 Cost of goods sold 368,196 291,100 187,000 Net income 33,701 29,930 19,100 Bellevue had no preferred shares. (a) Calculate the gross profit margin, profit margin, asset turnover return on assets, and return on common shareholders' equity ratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place eg. 2.6. Round asset turnover to 2 decimal places eg.6.21.) 2021 2020 Gross profit margin % % Profit margin % % Asset tumover times times Return on assets % % Return on common shareholders' equity % % Tauthenti medin
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