The following selected information is for Cato Corporation:

		2021		2020		2019
Total assets		$337,000		$262,000		$261,000
Total shareholders equity		127,000		93,500		43,500
Sales		487,000		387,000		287,000
Cost of goods sold		361,841		277,092		167,000
Net income		32,142		28,638		18,700

Cato 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 e.g. 2.6. Round asset turnover to 2 decimal places e.g. 6.21.)

		2021			2020
Gross profit margin		enter percentages rounded to 1 decimal place	%		enter percentages rounded to 1 decimal place	%
Profit margin		enter percentages rounded to 1 decimal place	%		enter percentages rounded to 1 decimal place	%
Asset turnover		enter a number of times rounded to 2 decimal places	times		enter a number of times rounded to 2 decimal places	times
Return on assets		enter percentages rounded to 1 decimal place	%		enter percentages rounded to 1 decimal place	%
Return on common shareholders equity		enter percentages rounded to 1 decimal place	%		enter percentages rounded to 1 decimal place	%

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(b)

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