Exercise 7-19B Calculate ratios (LO7-7) A company reported sales of $825,000 and net income of $37,000. The company also reported ending total assets of $502,000 and beginning total assets of $395,000. Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for the company. Return on Assets Choose Numerator Choose Denominator Return on Assets Return on assets Profit Margin Choose Numerator Choose Denominator Asset Turnover Choose Numerator Choose Denominator = Profit Margin Profit margin Asset Turnover = Asset turnover = times