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Question 25 30 pts In 2021, Morell Company made $75,000 in net income. Their sales revenue in 2021 was $200,000, Sales Returns & Allowances were

Question 25 30 pts In 2021, Morell Company made $75,000 in net income. Their sales revenue in 2021 was $200,000, Sales Returns & Allowances were $25,000 and total assets were $480,000. In 2020, Morell Company made $80,000 in net income and had $370,000 in total assets. a. Calculate the profit margin for 2021. (Round to 2 decimals) b. Calculate the return on assets for 2021. (Round to 2 decimals) (You must submit all work to receive credit on this question.)

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