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10. A company reported net income for 2009 of $98,000 and $106,000 in 2010. It...

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Accounting

10. A company reported net income for 2009 of $98,000 and $106,000 in 2010. It also reported net sales of $735,000 in 2009 and $798,000 in 2010. The company's average total assets in 2009 were $1,850,000 and $1,720,000 in 2010. Calculate this company's profit margin, total asset turnover, and return on total assets for 2009 and 2010. Comment on the results.

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