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The following selected information is for Cinrich Corporation: Total assets Total shareholders' equity Sales Cost of goods sold Net income 2021 $351,000 137.500 491,000 381.998
The following selected information is for Cinrich Corporation: Total assets Total shareholders' equity Sales Cost of goods sold Net income 2021 $351,000 137.500 491,000 381.998 34.370 2020 $271,000 103,500 392,000 290,080 29,008 2019 $275.000 44,500 301.000 177.000 21.200 Cinrich had no preferred shares. 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. 26. Round asset turnover to 2 decimal places eg. 6.21.) 2021 2020 % Gross profit margin 196 96 Profit margin times times Asset turnover SC 96 Return on assets Return on common shareholders equity
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