The following selected information is for Laramie Corporation: Total assets Total shareholders' equity Sales Cost of goods sold Net income 2021 $353,000 133,500 507,000 382,785 33.462 2020 $267.000 95,000 410,000 291,920 29,930 2019 $280,000 45,000 293.000 188,000 19.400 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 e3, 26. Round asset turnover to 2 decimal places eg. 6.21.) 2021 2020 Gross profit margin 245 98 28.8 Profit margin 66 % 7.3 Asset turnover times Times Return on assets Return on common shareholders' equity