Current Attempt in Progress The following selected information is for Steering Corporation: 2021 Total assets Total shareholders equity Sales Cost of goods sold Net income $339,000 128,000 504.000 374,976 34.776 2020 $268,000 102.500 388.000 292,940 2019 $265.000 44,500 299,000 181 000 18.900 30.652 Steering had no preferred shares. (a) Calculate the gross prohtmargin, profit margin, asset turnovec return on assets and return on common shareholders et ratios for 2021 and 2020. (Round gross profit margin.profit margin return on ossets and return on equity to 1 decimal place 26 Round asset turnover to 2 decimal places es 6.21) 2020 2021 16 PM O search Calculate the gross profit margin, profit margin, asset turnover return on assets, and return on common shareholdersecuity ratios for 2021 and 2020. Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal plate 26. Round asset turnover to 2 decimal places es 621) 2021 2020 X Gross profit margin Profit margin Asset turnover times times Return on assets Return on common shareholders equity X Textbook and Media Store Attempts of used Submit (b) 16 PM 01.04.17 to search o