Analyze the profitability ratios below for Jamaica Broilers Limited for 2022 and 2023 respectively.

1. Gross Profit Ratio = Gross Profit  Net Sales

2022 2023

9,516,767 / 45,725,978 = 0.2081 13,144,317 / 59,609,267 = 0.2205

2. Return on Sales = Net Income Net Sales

2022 2023

861,799/ 45,725,978 = 0.0188 3,191,344 / 59,609,267= 0.0535

3. Return on Assets = Net Income Average Total Assets

2022 2023

861,799 / 24,926,122 =0.034% 3,191,344 / (24,926,122 + 30,080,762) / 2 = 0.116%

4. Return on Stockholders' Equity = Net Income Average Stockholders' Equity

2022 2023

861,799 / 16,157,643 = 0.053% 3,191,344(16,157,643 + 18,413,552) / 2 =0.184%