In 2020, Corpas Company made $50,000 in net income. Their sales revenue in 2020 was $140,000, Sales Returns & Allowances were $15,000 and total assets were $450,000. In 2019, Corpas Company made $80,000 in net income and had $410,000 in total assets.

a. Calculate the profit margin for 2020.

b. Calculate the return on assets for 2020.

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