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3. The sales, total assets, and net income for five companies of about the same size in the same industry are given in the following

3. The sales, total assets, and net income for five companies of about the same size in the same industry are given in the following table. Item/Firm A B C D E Sales($000) 600 610 700 850 600 Assets($000) 200 400 300 500 280 Net Income 60 74 55 67 80 a) Determine the asset turnover, profit margin on sales, and return on assets for each of these five companies. b.Examine the ratio of those companies that seem to be out of line in relation to the average ratio for the five companies.

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