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

###### Question:

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. Sho and comment on the results.

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