Selected financial statement data for Cheyenne Company are presented below.

Netsales

$$1,672,000$

Cost of roods sold

$700,000$

Interest expense

$10,700$

Netincome

$200,640$

Total assets $($onding$)$

$910,000$

Totel common stockholders' equity $($ending$)$

$680,000$

Total assets at the beginning of the year were $$950,000$; total common stockholders equity was $$550,000$ at the beginning of the period.

$($a$)$

Caleulate asset turnover. $($Round oremer to $2$ decimal plases, eyt $15\mathrm{.}215.)$

Asset turnover

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$($b$)$

Compute the profit margin $($Rcund answer to $1$ decinal place, $49\mathrm{.}0\mathrm{.}2\%)$

Profit marsin

$\%$

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$($c$)$

Compute return on $2$ssets. $($Round arswer to $1$ decimal plore && $152\%)$

Return on $25$sets

$>$

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