The following selected information is for Laramie Corporation: Total assets Total shareholders' equity Sales Cost of goods sold Net income 2021 $361,000 128,000 503,000 368,196 33,701 2020 $266,000 99,500 410.000 291,100 29.930 2019 $280,000 45,000 296,000 187,000 19,100 Laramie had no preferred shares. (a) Your answer is partially correct. 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 26.8 29 Profit margin % 6.7 % 7.3 % Asset turnover 1.6 times 1.5 times 10.7 % 11 Return on assets Return on common shareholders' equity 26.32 % 30.1 %