Comparative data for the I Told You So Company for the two-year period 2015-2016 are presented below. Income Statement Data 2016 2015 Net Sales $1,500,000 $1,200,000 Cost of Goods Sold 934,000 741,000 Gross Profit $ 566,000 $ 459,000 Operating Expense 376,000 277,000 Operating Income $ 190,000 $ 182,000 Other Expense (interest) 15,000 12,000 Earnings Before Income Tax $ 175,000 $ 170,000 Income Taxes 66,000 71,000 Net Income $ 109,000 $ 99,000 Dividends Paid 48,000 42,000 Net Increase in Retained Earnings $ 61,000 $ 57,000 Balance sheet Data Acct 742 Final page 12 Assets 2016 2015 Cash $ 30,000 $ 10,000 Receivables (net) 130,000 90,000 Inventory 170,000 113,000 Land, Buildings, and Equipment (net) 650,000 547,000 Intangible Assets 20,000 20,000 $1,000,000 $780,000 Liabilities and Stockholders' Equity 2016 2015 Trade Notes and Accounts Payable $ 100,000 $ 40,000 Miscellaneous Current Liabilities 50,000 11,000 5% Bonds Payable 300,000 240,000 Common Stock, $10 Par 100,000 100,000 Additional Paid-In Capital 51,000 51,000 Retained Earnings 399,000 338,000 $1,000,000 $780,000 Market price of stock end-of-each year: $81 $68 a. compute profit margin just for 2016 b. compute asset turnover just for 2016 c. compute return on assets just for 2016 using the DuPont method