The following selected information is for Xtreme Corporation:

Instructions
(a) Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on equity ratios for 2017 and 2016.
(b) Indicate whether each of the profitability ratios calculated in part (a) is better or worse in 2017.

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Total assets Total shareholders' equity Net sales Cost of goods sold Profit 2017 350,000 133,500 500,000 375,000 33,500 2016 $275,000 100,000 400,000 290,000 30,000 2015 $274,467 50,000 300,000 180,000 20,000