Using the income statement below, calculate the following profitability ratios for Wayne's Cleaning Service, Inc. Assume that stockholder's equity equals $384,300 and total assets equal $610,000.

1. Profit margin ratio
2. Return on equity ratio
3. Asset turnover ratio

Write the profit margin and return on equity ratios as a percent, rounded to the nearest percent. Write the asset turnover ratio as a decimal, rounded to two decimal places.

Wayne's Cleaning Service, Inc Income Statement for the Year Ended, December 31, 17
Revenues:
Net Sales		$430,000
Expenses:
Salaries Expense	$159,100
Rent Expense	111,800
Supplies Expense	47,300
Utilities Expense	38,700
Advertising Expense	30,100
Miscellaneous Expense	6,450
Total Expenses		393,450
Net Income		36,550

1. Profit margin ratio:	%
2. Return on equity ratio:	%
3. Asset turnover ratio: