Profitability Ratios

Use the following information from a balance sheet and an income statement.

Total assets	$240,000
Total liabilities	60,000
Total stockholders' equity	180,000
Net sales	260,000
Cost of goods sold	140,000
Operating expenses	80,000

Compute the (1) profit margin, (2) asset turnover, (3) return on assets, (4) debt to equity ratio, and (5) return on equity. (The previous year's total assets were $200,000, and stockholders' equity was $140,000.) Round your answers to one decimal place.

1. Profit margin	%
2. Asset turnover	times
3. Return on assets	%
4. Debt to equity ratio	%
5. Return on equity	%