Ivanhoe Limited competes in the fast food industry with Bridgeport Limited. Ivanhoe embarked on a major expansion in 2018, borrowing a large amount of money and acquiring a small competitor. The acquisition doubled the number of restaurants that Ivanhoe has. Bridgeport, on the other hand, took a more conservative approach and did not buy any new assets, focusing instead on a strategy of making existing operations more efficient. Data for the two companies are provided below in thousands of dollars): 2018 2017 2016 Ivanhoe Total assets Net sales Net income Bridgeport Total assets Net sales $2,150 3,390 357 $1,065 $1,030 1,430 1,600 145 140 861 2,031 190 989 1,030 1,785 2,000 218 210 Net income (a) Calculate the (1) profit margin, (2) asset turnover, and (3) return on asset ratios for each company in 2017 and 2018. (Round answers to 1 decimal place, e.g. 5.2% or 5.2.) Ivanhoe Bridgeport 2018 2017 2018 2017 (1) Profit margin 10.13% 10.53% 12.21% 9.35% x X X X (2) Asset turnover 0.9 || times 1.6|| times 1.2 || times 1.5|| times X x (3) Return on assets 9.3|| % 16.7 || % 14.3|| % 13.4 || %