7 of 9 View Policies Current Attempt in Progress -/1 Larkspur International is considering a significant expansion to its product line. The sales force is excited about the opportunities that the new products will bring. The new products are a significant step up in quality above the company's current offerings, but offer a complementary fit to its existing product line. Fred Ridtdick, senior production department manager, is very excited about the high- tech new equipment that will have to be acquired to produce the new products. Barbara Dyson, the company's CFO, has provided the following projections based on results with and without the new products. Without New Products With New Products Sales revenue $12,074,625 $16,549,800 Net income $482,985 $827,490 Average total assets $5,366,500 $13,791,500 (a) Compute the company's return on assets, profit margin, and asset turnover, both with and without the new product line. (Round return on assets and profit margin to O decimal places, eg. 15% and asset turnover to 2 decimal places, eg 15.25.) Question 7 of 9 Sales revenue Net income > $12,074,625 $16,549,800 $482,985 $827,490 Average total assets $5,366,500 $13,791.500 (a) Compute the company's return on assets, profit margin, and asset turnover, both with and without the new product line. (Round return on assets and profit margin to O decimal places, eg. 15% and asset turnover to 2 decimal places, eg. 15.25) Without New Products Return on assets Profit margin Asset turnover eTextbook and Media times With New Products % times