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The following selected information is for Marx Corporation: 2018 2017 2016 Total assets $352,000 $267,000...

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Accounting

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The following selected information is for Marx Corporation: 2018 2017 2016 Total assets $352,000 $267,000 $285,000 Total shareholders' equity 135,000 97,500 54,500 Net sales Cost of goods sold Net income 492,000404,000 307,000 369,000278,000 191,000 4,00030,000 19,300 Marx had no preferred shares. Calculate the gross profit margin, profit margin, asset turnover, return on assets, and return on common shareholders' equity ratios for 2018 and 2017. (Round gross profit margin, profit margin, return on assets and return on equity to 1 decimal placees.2.6 places e-g. 6.21 Round asset turnover to 2 decimal 2018 2017 Gross profit margin 25.0 | % 31.2 % 6.9 | % 74 % Return on assets 11.2 % Return on common shareholders' equity 25.2 % 30.8 %

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