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The following selected information is for Clinton Corporation: 2021 2020 2019 Total assets $348.000 $264.000 $280,000 Total shareholders' equity 138,000 106,000 52.000 Sales 495.000 400.000
The following selected information is for Clinton Corporation: 2021 2020 2019 Total assets $348.000 $264.000 $280,000 Total shareholders' equity 138,000 106,000 52.000 Sales 495.000 400.000 289,000 Cost of goods sold 378.180 282.000 168,000 Net income 34,650 29,200 19,400 Clinton 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.) 2020 2021
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