QUESTION 5 (20 MARKS Profitability measures Shown below is a recent income statement for Hold's Hairdressing Heidi's Hairdressing Income statement For the year ended January 31, 2020 Netrales Io Con of goods sold Gespeelt Lex Optage Oporation laimalayas 5175.000 Income espo Note $7.500.000 SU100.000 1.975 S 1435.000 Assume that comparative balance sheets for Heidi's Hairdressing indicato average total assets for the year of $2,500,000, and average total equity of $2,050,000, Define each term and Compute the following (Show all calculations) 5.1. Gross Profit Rate 5.2. Return on Amets 5.3. Return on Equity = SUND SLAND QUESTIONS (20 MARKS) Profitability measures Shown below is a recent income statement for Heid's Hairdressing Heidi's Hairdressing Income statement For the year ended January 31, 2020 Net sales 57.500.000 Io Canto de ald Gost Ler Optiling Operating con : Ince $175.000 Loop 455 Notre Assume that comparative balance sheets for Hold's Hairdressing indicate werage total assets for the year of $2,500,000, and average total equity of 52,050,000 Define each term and Compute the following (Show all calculations: 5.1. Gross Proft Rate = 5.2. Return on Amets - 5.3. Return on y 2