$7.$ Analyze how well TNT Fireworks manages its assets:

Requirement $7$a:

a$-1.$ Calculate the return on assets ratio, profit margin and asset turnover ratio for the month of January.

Requirement $7$b:

b$-1.$ If the average return on assets for the industry in January is $2\%,$ is the company more or less profitable than other companies in the same industry?

b$-2.$ If the industry average profit margin is $5\%,$ is the company more or less efficient at converting sales to profit than other companies in the same industry?

b$-3.$ If the industry average asset turnover is $0\mathrm{.}5$ times per month, is the company more or less efficient at producing revenues with its assets than other companies in the same industry?