Lowes Companies, Inc., the secondlargest home improvement retailer, reported the following information (adapted) for its fiscal year

Lowe’s Companies, Inc., the secondlargest home improvement retailer, reported the following information (adapted) for its fiscal year ended January 31, 2011:

Requirements
1. Compute profit margin for the year ended January 31, 2011.
2. Compute asset turnover for the year ended January 31, 2011.
3. Compute return on assets for the year ended January 31,2011.

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January 31, 2011 January 31, 2010 Net sa Net earnings Average total assets... $82,189 $76,733 1,116 S70 $23,505 $23,126