CoCo Computer Corp., a technology support company providing security for small businesses, reported these summarized figures (in millions) Click the icon to view the income statement.) Click the icon to view the balance sheet.) 1. Compute these profitability measures for 2020 a. Return on sales b. Return on assets. Interest expense for 2020 was $10 million c. Return on common shareholders' equity 2. Are these rates of return strong or weak? 1. a. Return on sales is 1% (Round your answer to one decimal place.) b. Return on assets is % (Round your answer to one decimal place) c. Return on common shareholders equity is % (Round your answer to one decimal place.) 2. Are these rates of return strong or weak? These rates of return are Income Statement CoCo Computer Corp. Income Statement For the Year Ended December 31, 2020 Net sales $ 61.6 Cost of goods sold 42.8 Interest expense 1.0 16.0 All other expenses $ 1.8 Net income Print Done 23C da ENG 7:29 PM 2021-06-23 Balance Sheet - CoCo Computer Corp. Balance Sheet December 31, 2020 2020 2019 Liabilities and Equity pute Assets 2020 2019 State Cash Dec $ 10:45 9.2 8.8 9.1 0 Short-term investments Accounts receivable Inventory 19.6 17.9 $ 42 $ 1.6 Total current abilities 0.4 15 Long-term liabilities 1.3 11 Total liabilities 10.2 9.6 18 Common shares 18.3 156 Retained earnings 25.6 226 Total equity $43.9 $ 38.2 Total liabilities and equity Other current assets 22 52 6.8 175 Total current assets 15.1 All other assets 243 20.3 Total assets $ 43.95 382 Print Print Done