Your answer is partially correct. Knowledge Check LandCo reported net income of $51,100, net sales of $730,000, and had total assets of $592,000 on January 1, 2025, and total assets on December 31, 2025, of $430,000. Determine Land Co's profit margin and return on assets for 2025. (Enter your answer as a percentage rounded to one decimal, e.g 8.2 percent.) Profit margin Return on assets Save for Later 7 % 10 % Attempts: 2 of 3 used Submit Answer

LandCo reported net income of $51,100, net sales of $730,000, and had total assets of $592,000 on January 1,2025 , and total assets on December 31,2025 , of $430,000. Determine LandCo's profit margin and return on assets for 2025. (Enter your answer as a percentage rounded to one decimal, e.s 8.2 percent.) Profit margin \% Return on assets