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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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