Required information\ P13-6 (Algo) Computing Comparative Financial Statements and ROA Profit Driver Ratios LO 13-3, 13-4, 13-5\ Skip to question\ [The following information applies to the questions displayed below.]\ \ The comparative financial statements for Chinook Company are below\ \ Year 2 Year 1\ Income statement \ Sales revenue $ 218,000 $ 174,000\ Cost of goods sold 119,000 102,800\ Gross profit 99,000 71,200\ Operating expenses and interest expense 58,800 54,400\ Pretax income 40,200 16,800\ Income tax 10,800 5,400\ Net income $ 29,400 $ 11,400\ Balance sheet \ Cash $ 6,800 $ 8,400\ Accounts receivable (net) 15,400 19,400\ Inventory 42,800 38,000\ Property and equipment (net) 49,200 40,800\ Total assets $ 114,200 $ 106,600\ Current liabilities (no interest) $ 17,400 $ 18,400\ Long-term liabilities (interest rate: 10%) 46,400 46,400\ Common stock ($5 par value, 7,400 shares outstanding) 37,000 37,000\ Retained earnings 13,400 4,800\ Total liabilities and stockholders' equity $ 114,200 $ 106,600\ P13-6 Part 2\ 2. Compute return on assets, total asset turnover, and the net profit margin for Year 2.\ \ Note: Round your answers to 2 decimal places.