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

Instructions 

Calculate the following ratios for 2024. 

a. Gross profit margin  

b. Profit margin

c. Asset turnover

d. Return on assets 

e. Return on shareholders’ equity 

Net sales Cost of goods sold Interest expense Profit for the year Accounts receivable Inventory Total assets Total shareholders' equity 2024 $750,000 480,000 7,000 60,000 120,000 85,000 600,000 450,000 2023 $720,000 440,000 5,000 42,000 100,000 75,000 500,000 310,000