Rhodes Bakery
The balance sheet taken from the company's 2020 10-K is provided below:
-Refer to Rhodes Bakery. Calculate the following profitability ratios for 2020 and 2019: 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, 2018, total assets and total stockholders' equity were $325,000 and $287,500, respectively.

Question

Rhodes Bakery
The balance sheet taken from the company's 2020 10-K is provided below: 
-Refer to Rhodes Bakery. Calculate the following profitability ratios for 2020 and 2019: 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, 2018, total assets and total stockholders' equity were $325,000 and $287,500, respectively.

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The Answer of Rhodes Bakery
The balance sheet taken from the company's 2020 10-K is provided below: 
-Refer to Rhodes Bakery. Calculate the following profitability ratios for 2020 and 2019: 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, 2018, total assets and total stockholders' equity were $325,000 and $287,500, respectively.

Rhodes Bakery The Balance Sheet Taken from the Company's 2020 10-K Is