Reported below is selected financial information from two competing retail companies ($ in millions):

Required:
1. Calculate the return on assets, profit margin, and asset turnover ratio for Company A.
2. Calculate the return on assets, profit margin, and asset turnover ratio for Company B.
3. Which company has the higher profit margin and which company has the higher asset turnover?

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Company A 2015 2014 Sales Net income Total assets S405,607 S378,799 S13,400 S12,731 S163,429 S163,514 2015 $64.948 S2,214 S44,106 2014 63,367 $2.849 S44,560 Company B Sales Net income Total assets