Current Attempt in Progress Selected comparative statement data for Pharoah Products Inc. are presented below. All balance sheet data are as at December 31. 2024 2023 Net sales $900,000 $862,000 Cost of goods sold 480,000 436,000 Interest expense 8,000 5,000 Profit for the year 58,000 38,000 Accounts receivable 105,000 83,000 Inventory 93,000 83,000 Total assets 660,000 520,000 Total shareholders' equity 420,000 240,000 Calculate the following ratios for 2024. (Round answers to 1 decimal place, e.g. 52.7 or 52.7%.) a. Gross profit margin b. Profit margin C. Asset turnover d. Return on assets e. Return on shareholders' equity Save for Later 2024 de % de % times de % de % Attempts: 0 of 15 used Submit Answer