The following selected information is for Laramie Corporation: 2021 2020 2019 $340,000 $264,000 $277,000 Total assets Total shareholders' equity 127,000 507.000 96,000 387,000 47,000 302,000 Sales Cost of goods sold Net income 375.180 284,832 167,000 32.448 30,573 20,500 Laramie 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 e.g. 2.6. Round asset turnover to 2 decimal places e.g. 6.21.) 2021 2020 Gross profit margin 26 % 26. % Profit margin 6.4 % 79 % Asset turnover 149 times 1:46 times Return on assets 95 % 116 % Return on common shareholders' equity 255 % 318 % Attempts. 1 of 1 us Indicate whether each of the profitability ratios calculated above is better or worse in 2021. Gross profit margin Profit margin Asset turnover Return on assets Return on common shareholders' equity