McCormick 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 $0.3 million. c. Return on common shareholders' equity. 2. Are these rates of return strong or weak? 1. a. Return on sales is % (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 i Income Statement McCormick Computer Corp. Income Statement For the Year Ended December 31, 2020 Net sales $ 670 Cost of goods sold 42.4 Interest expense 0.3 All other expenses 15.2 Net income S 9.1 Print Done Balance Sheet McCormick Computer Corp. Balance Sheet December 31, 2020 Assets 2020 2019 Liabilities and Equity 2020 2019 Cash $ 4.4 $ 2.2 Total current liabilities $ 9.0||$ 8.8 Short-term investments 0.6 2.3 Long-term liabilities 8.6 8.3 Accounts receivable 0.5 0.4 Total liabilities 17.6 17.1 Inventory 12.0 8.6 Other current assets 1.4 1.0 Common shares 6.6 Total current assets 5.2. 13.6 20.3 All other assets 18.9 14.5 Retained earnings 25.6 21.4 Total equity $ 44.5||$ 35.9 Total liabilities and equity 26.9 18.8 Total assets $ 44.5 5 35.9 Print Done