Required information [The following information applies to the questions displayed below.) Barry Sanders, likely the best running back to ever play football, has opened a successful used-car dealership. He has noted a higher than normal percentage of sales for trucks and SUVs with hauling capacity at his dealership. He is also aware that several of the best recreational lakes in the state are located nearby. Barry is considering expanding his dealership to include the sale of recreational boats, Barry provides the following projections of net sales, net income, and average total assets in support of his proposal. Net sales Net income Average total assets Cars Only $6,320,000 320,000 1,520,000 Cars and Boats $7,520,000 520,000 1,720,000 Required: 1. Calculate Barry's return on assets, profit margin, and asset turnover for cars only. Choose Numerator Return on Assets Choose Denominator = = Return on Assets Return on assets 11 I Profit Margin Choose Denominator Choose Numerator + + = Profit Margin Profit Margin 11 + 11 0 Asset Turnover Choose Numerator Choose Denominator = = Asset Turnover + Asset Turnover 0 times + 2. Calculate Barry's return on assets, profit margin, and asset turnover for cars and boats. Return on Assets Choose Numerator Choose Denominator Return on Assets 11 Return on assets = = 11 0 Profit Margin Choose Denominator Choose Numerator Il Profit Margin Profit Margin 11 11 0 Asset Turnover Choose Denominator Choose Numerator F Asset Turnover Asset Turnover = O times