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28. The following data are taken from the financial statements of Motorise, Inc., for 2019 and 2018. Worth 4 points (partial credit will be given)

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28. The following data are taken from the financial statements of Motorise, Inc., for 2019 and 2018. Worth 4 points (partial credit will be given) 2019 2018 Net sales $ 65,000 $61,000 Equity income (dividends: $65,$62) 365 Total $65, 320 $61, 365 Total expenses, including taxes 63,800 59,700 Net income $11,520 $ 1,665 320 Total assets Investment (using equity method) $32,200 3,800 $30, 600 2,800 a. Required: Compute the following ratios for both years (2019 and 2018), using total net income and assets. Use ending balance sheet figures. 1. net profit margin 2. return on total assets (use year-end total assets)

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