Refer to Rhodes Bakery.Calculate the following profitability ratios for Year 3 and Year 2: gross profit percentage,operating margin percentage,net profit margin percentage,return on assets,and return on equity.Express each ratio as a percentage and round your answers to two decimal places then comment on the company's performance in terms of profitability.
The company's income statements are available below.At December 31,Year 1,total assets and total shareholders' equity were $325,000 and $287,500,respectively.

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The Answer of Refer to Rhodes Bakery.Calculate the following profitability ratios for Year 3 and Year 2: gross profit percentage,operating margin percentage,net profit margin percentage,return on assets,and return on equity.Express each ratio as a percentage and round your answers to two decimal places then comment on the company's performance in terms of profitability.
The company's income statements are available below.At December 31,Year 1,total assets and total shareholders' equity were $325,000 and $287,500,respectively.