The following selected information is for Tri Town Corporation: 2021 2020 2019 Total assets $349,000 $279,000 $280,000 Total shareholders equity 128,500 98,000 48,500 Sales 490,000
The following selected information is for Tri Town Corporation:
2021 | 2020 | 2019 | |||||
---|---|---|---|---|---|---|---|
Total assets | $349,000 | $279,000 | $280,000 | ||||
Total shareholders equity | 128,500 | 98,000 | 48,500 | ||||
Sales | 490,000 | 409,000 | 304,000 | ||||
Cost of goods sold | 367,010 | 283,846 | 173,000 | ||||
Net income | 33,320 | 31,084 | 18,900 |
Tri Town 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 | % | % | |||||
Profit margin | % | % | |||||
Asset turnover | times | times | |||||
Return on assets | % | % | |||||
Return on common shareholders equity | % | % |
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