The following selected information is for Munchies Corporation: Total assets Total shareholders' equitv Sales Cost of goods
Question:
The following selected information is for Munchies Corporation: Total assets Total shareholders' equitv Sales Cost of goods sold Net income 2024 $340.000 135.500 496.000 363.072 33.728 2023 $287.000 99 500 391.000 276.828 30.107 2022 $258.000 50 500 311.000 176.000 20.400 Munchies had no preferred shares. (a) Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2024 and 2023. (Round gross profit margin. profit margin. return on assets and return on equity to 1 decimal place e.g. 2.6 or 2.6%. Round asset turnover to 2 decimal places e.g. 6.21.) 2024 2023 Gross profit margin % % Profit margin % % Asset turnover ? times ? times Return on assets % % Return on common shareholders' equity % %