Western Grain Company Income Statement 2017 Total Assets 4,237.1 Equity 1,713.4 Net Sales Cost of goods sold Selling and Admin Expense Operating Profit Interest Expense Other income (expense), net Earnings before income taxes Income Taxes Net Earnings Net Earnings per share Retained earnings, beginning of year Dividends paid Retained earnings, end of year 6,295.4 2,989.0 2,237.5 1,068.9 33.3 (15) 1,034.1 353.4 680.7 2.94 3,033.9 (3052) 3,409.4 Western Grain Industry % Difference Notes Profit Margin Return on Assets Return on Equity 25% Step 3: Using the linked Excel Spreadsheet, calculate the following profitability ratios by building the formulas in the Excel spreadsheet to pull the information from the income statement into the Western Grain column in the table at the bottom of the spreadsheet Profit Margin Return on Assets Return on Equity