The following selected information is for Karatu Corporation:

Karatu had no preferred shares.
Instructions
(a) Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2015 and 2014.
(b) Indicate whether each of the profitability ratios calculated in part (a) is better or worse in 2015.

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Total assets Total shareholders' equity Net sales Cost of goods sold Profit 2015 $350,000 133,500 500,000 375,000 33,500 2014 $275,000 100,000 400,000 290,000 30,000 2013 $274,000 50,000 300,000 180,000 20,000