Profitability and Total Asset Management Analysis

Vision, Inc.'s comparative income statements and comparative balance sheets follow.

Vision, Inc.
Comparative Income Statements
For the Years Ended December 31, 2014 and 2013
	2014		2013
Net sales	$360,000		$290,000
Cost of goods sold	224,000		176,000
Gross margin	$136,000		$114,000
Operating expenses	80,000		60,000
Operating income	$ 56,000		$ 54,000
Interest expense	14,000		10,000
Income before income taxes	$ 42,000		$ 44,000
Income taxes expense	14,000		16,000
Net income	$ 28,000		$ 28,000
Earnings per share	$ 2.80		$ 2.80
Vision, Inc.
Comparative Balance Sheets
December 31, 2014 and 2013
	2014		2013
Assets
Current assets	$ 48,000		$ 40,000
Property, plant, and equipment (net)	260,000		200,000
Total assets	$308,000		$240,000
Liabilities and Stockholders' Equity
Current liabilities	$ 36,000		$ 44,000
Long-term liabilities	180,000		120,000
Stockholders' equity	92,000		76,000
Total liabilities and stockholders' equity	$308,000		$240,000

Compute the profit margin, asset turnover, and return on assets, for 2013 and 2014. In 2012, total assets were $182,000. Round your answers to one decimal place.

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