Question: this is my second time posting the question please answer it correctly. please answer the return on assets and on equity The following selected information


The following selected information is for Oriole Corporation: 2020 2019 $274,277 2021 $349,960 133,070 500,380 $275,090 100,270 Total assets Total shareholders' equity Net sales Cost of goods sold 49,590 399,620 299,530 375,090 290,260 180.260 Profit 33,280 29.920 19,550 Your answer is partially correct. Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on equity ratios for 2021 and 2020, (Round answers to 1 decimal place, e.g. 52.7.) 2021 2020 25.04 Gross profit margin % 2737 % 6.65 Profit margin % 79 % 160 Asset turnover times times % Return on assets 96 % % Return on equity Your answer is correct. Indicate whether each of the profitability ratios calculated in part (a) is better or worse in 2021. Gross profit margin Worse Profit margin Worse 2 Asset turnover Better Return on assets Worse Return on equity Worse
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