Skysong Inc. and Concord Ltd. financial data is presented, including balance sheet figures and additional information on average accounts receivable, inventories, total assets, and total shareholders' equity. Ratios are to be calculated for each company including gross profit margin, profit margin, asset turnover, return on assets, and return on equity.

1. q 4 of 4 Selected financial data for Skysong Inc. and Concord Ltd. (in $ thousands)
Skysong Inc. Concord Ltd. Balance Sheet Current assets Non-current assets Total assets Current
liabilities Non-current liabilities Total liabilities Shareholders' equity Total liabilities and
shareholders' equity Additional information: Average accounts receivable Average inventories
Average total assets Average total shareholders' equity
$1,4203,39046,09036,090$6,2203,67045,66033,140
(a) For each company, calculate the following ratios: (Round answers to 1 decimal place, e.g.
52.7 or 52.7%. Use 365 days for calculation. Do not leave any answer field blank. Enter 0 if no
calculation can be made.)
Profitability Ratios 7. Gross profit margin 8. Profit margin %% 9. Asset turnover X times times
10. Return on assets x %% 11. Return on equity %%