Question 4 of 7 - / 15 Current Attempt in Progress The following selected information is for Tri Town Corporation Total assets Total shareholders equity Sales Cost of goods sold Net income 2021 $353,000 133.500 507.000 382.785 33.462 2020 $267.000 95,000 410.000 291,920 29.930 2019 $280,000 45,000 293,000 188,000 19,400 Tri Town had no preferred shares, (a) Calculate the gross profit margin, profit margin, asset turnover, return on assets and return on common shareholders' equity ratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal place of 26 91 Question 4 of 7 -/15 (a) Du Calculate the gross profit margin. profit margin, asset turnover return on assets, and return on common streholders equity ratios for 2021 and 2020. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal places 24 Round asset turnover to 2 decimal places es 6.21.) 2021 2020 Gross profit margin Profit margin % Asset turnover times times % Return on assets x Return on common shareholders' equity e Textbook and Media Attempts: 0 of 3 used Save for later Using multiple attempts will impact your score. 11