Total assets Total shareholders' equity Net sales Cost of goods sold Net income 2018 $357,000 136,000 503,000 379,000 32,700 2017 $285,000 97,500 394,000 277,000 29,800 2016 $267,000 48,500 297,000 181,000 20,400 Macaron had no preferred shares. Your answer is partially correct. Try again. Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return an common shareholders' equity ratios for 2018 and 2017. (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.) 2018 2017 Gross profit margin Profit margin T T 29.7% 7.56 % 1.38 times Asset turnover Return on assets 10.47 Return on common shareholders' equity 30.56