The Sports Shop has $550,000 in assets, short term liabilities of $16,000 and long term liabilities of $48,000. Net income for the year is $120,000 Question 21 (2 points) What is the ROA for The Sports Shop? 24.7% 21.8% 22.7% 26.0% Return on shareholder's equity is? 24.7% 26.0% % 22.7% 24.8% If the company has an asset turnover ratio of 2.5, what is the profit margin? 24.7% 21.8% None of the given solutions