Profitability and Total Asset Management Analysis

Elm Company had total assets of $640,000 in 2012, $680,000 in 2013, and $760,000 in 2014. In 2013, Elm had net income of $77,112 on revenues of $1,224,000. In 2014, it had net income of $98,952 on revenues of $1,596,000.

Compute the profit margin, asset turnover, and return on assets for 2013 and 2014. Round the percentages and other ratios to one decimal place.

	2014		2013
Profit margin:		%		%
Asset turnover:		times		times
Return on assets:		%		%