11.During 2007, Marlon Company had $40 million sales. Return on assets was 20% and asset turnover was 1.25. Required: Compute (a) profit margin, (b) total assets, and (c) net income. 12.At...

11.During 2007, Marlon Company had $40 million sales. Return on assets was 20% and asset turnover was 1.25.

Required:

Compute (a) profit margin, (b) total assets, and (c) net income.

12.At the end of 2007, Presley Company had $200 million total assets. Return on assets was 15% and profit margin was 8%.

Required:

Compute (a) asset turnover, (b) sales, and (c) net income.