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Income statement and balance sheet data fine ninn Induectola DW. - 4 y Required:...

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Income statement and balance sheet data fine ninn Induectola DW. - 4 y Required: Determine the following for 2022 (a) Gross profit ratio: % (b) Return on assets: (c) Profit margin: % (d) Asset turnover: times Log in to Canvas 2 Reading Notes - T. D Personality Can B.. Llabiries and rocknoiders equity \begin{tabular}{|l|l|l|l|} \hline & 2022 & 2021 & 2020 \\ \hline Current liabilities: & & & \\ \hline Accounts payable & $50,000 & $65,000 & $55,000 \\ \hline Interest payable & 2,000 & 4,000 & 6,000 \\ \hline Income tax payable & 38,000 & 40,000 & 30,000 \\ \hline Long-term liabilities: & & & \\ \hline Notes payable & 200,000 & 400,000 & 300,000 \\ \hline Stockholders' equity: & & & \\ \hline Retained earnings & 1,809,000 & 1,679,000 & 1,600,000 \\ \hline Common stock & 900,000 & 900,000 & 900,000 \\ \hline \end{tabular}

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