You are provided with the following information about Unwin Corp. (Unwin), a small manufacturing company:

Required:
a. Calculate Unwin’s return on assets by determining its profit margin and asset turnover ratio for 2014–2017.
b. Calculate Unwin’s return on equity for 2014–2017.
c. Assess the Unwin’s profitability. In your response, explain the reasons for any changes init.

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201720162015 20142013 Sales S1,309,440 S1,223,776$1,165,500$1,050,000 Net income 156,306151,398 144,290136,750 Total liabilities (at year-end 346,274 326,674 294,300 272,500 250,000 Shareholders' equity (at year-end) Interest expense Tax rate 381,680 325,376 273,976 229,688192,938 58,00 51,000 42,500 18% 61,500 18% 18% 18%