View Polides Show Attempt History Current Attempt in Progress The following selected information is for Steering Corporation: Total assets Total shareholders equity Cost of goods sold Net income 2021 $339.000 128 000 SO2000 374.926 34,776 2020 $20.000 102.500 3.000 292.940 30,652 2019 $265.000 44 SCO 299.000 11000 18.00 Steering had no preferred shares - Your corred the growth artmareturn on and consoles alty for 2021 2020. Round profit margin, protahong and return on equity to 1 decimal place. Abundant over to 2 decimal place (21) View Policies Show Attempt History Current Attempt in Progress The following selected information is for Steering Corporation: Total assets Total shareholders' equity Sales Cost of goods sold Net income 2021 $339,000 128,000 504,000 374.976 34.776 2020 $268,000 102,500 388,000 292.940 30,652 2019 $265.000 44,500 299,000 181,000 18,900 Steering 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 shareho ratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal Round asset turnover to 2 decimal places 1.8.6:21) OBA Calculate the gross profit margin, profit margin, asset tumover, 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 as 26. Round asset turnover to 2 decimal places eg. 621.) 2021 2020 25.6 % 245 %6 69 % 7.9 % Gross profit margin Profit margin Asset tumover Return on assets Return on common shareholders' equity 1.10 times 109 times 10.3 % 114 95 272 36 29.9 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit Answer (6) The parts of this question must be completed in order. This part will be available when you complete the part above O