Selected comparative statement data for Slaymaker Products are presented below. All balance sheet data are as at December 31.

Instructions
Calculate the following ratios for 2017.
(a) Gross profit margin
(b) Profit margin
(c) Asset turnover
(d) Return on assets
(e) Return on shareholders' equity

2017 $750,000 480,000 7,000 60,000 120,000 85,000 600,000 450,000 2016 $720,000 440,000 Net sales Cost of goods sold Interest expense Profit Accounts receivable Inventory Total assets Total shareholders' equity 5,000 42,000 100,000 75,000 500,000 310,000