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You are given the following information for Smashville, Inc. Cost of goods sold: $ 189,000 Investment income: $ 1,700 Net sales: $ 323,000 Operating expense:

You are given the following information for Smashville, Inc.

Cost of goods sold: $ 189,000
Investment income: $ 1,700
Net sales: $ 323,000
Operating expense: $ 43,000
Interest expense: $ 7,400
Dividends: $ 9,000
Tax rate: 40 %
Current liabilities: $ 14,000
Cash: $ 21,000
Long-term debt: $ 31,000
Other assets: $ 41,000
Fixed assets: $ 153,000
Other liabilities: $ 6,000
Investments: $ 37,000
Operating assets: $ 35,000

Calculate the gross margin, the operating margin, return on assets, and return on equity.

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