Selected comparative statement data for Sunland Products Inc. are presented below. All balance sheet data are...

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Selected comparative statement data for Sunland Products Inc. are presented below. All balance sheet data are as at December 31. Net sales Cost of goods sold Interest expense Profit for the year Accounts receivable Inventory Total assets Total shareholders' equity 2024 $820,000 480,000 9,000 62,000 145,000 65,000 520,000 410,000 2023 $784,000 438,000 6,000 44,000 125,000 55,000 430,000 280,000 Calculate the following ratios for 2024. (Round answers to 1 decimal place, e.g. 52.7 or 52.7%.) a. Gross profit margin b. Profit margin c. Asset turnover d. Return on asset e. Return on shareholder's equity Selected comparative statement data for Sunland Products Inc. are presented below. All balance sheet data are as at December 31. Net sales Cost of goods sold Interest expense Profit for the year Accounts receivable Inventory Total assets Total shareholders' equity 2024 $820,000 480,000 9,000 62,000 145,000 65,000 520,000 410,000 2023 $784,000 438,000 6,000 44,000 125,000 55,000 430,000 280,000 Calculate the following ratios for 2024. (Round answers to 1 decimal place, e.g. 52.7 or 52.7%.) a. Gross profit margin b. Profit margin c. Asset turnover d. Return on asset e. Return on shareholder's equity

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a Gross profit margin Gross profit margin Net sales Cost of goods sold Net s... View the full answer