The following selected information is for Karatu Corporation:

Karatu had no preferred shares.
Instructions
(a) Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2018 and 2017.
(b) Indicate whether each of the profitability ratios calculated in part (a) is better or worse in 2018.

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2018 201720106 Total assets $350,000 $275,000 $274,00o Total shareholders' equity133,500 100,000 50,000 500,000 400,000 300,000 375,000 290,000 180,o00 33,50030,000 20,000 Net sales Cost of goods sold Net income