Micron Company had profit for Year 1 of $47,950 and $53,425 in Year 2.The company had net sales of $363,250 in Year 1 and $392,750 in Year 2.The company's average total assets in Year 1 were $942,550 and $877,560 in Year 2.Calculate Micron's profit margin,total asset turnover,and return on total assets for Year 1 and Year 2.Comment on the results.
Profit margin,Year 1: $47,950/$363,250 = 13.2%
Profit margin,Year 2: $53,245/$392,750 = 13.6%
Total asset turnover,Year 1: $363,250/$942,550 = .385
Total asset turnover,Year 2: $392,750/$877,560 = .448
Return on total assets,Year 1: $47,950/942,550 = 5.1%
Return on total assets,Year 2: $53,245/$877,560 = 6.1%

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The Answer of Micron Company had profit for Year 1 of $47,950 and $53,425 in Year 2.The company had net sales of $363,250 in Year 1 and $392,750 in Year 2.The company's average total assets in Year 1 were $942,550 and $877,560 in Year 2.Calculate Micron's profit margin,total asset turnover,and return on total assets for Year 1 and Year 2.Comment on the results.
Profit margin,Year 1: $47,950/$363,250 = 13.2%
Profit margin,Year 2: $53,245/$392,750 = 13.6%
Total asset turnover,Year 1: $363,250/$942,550 = .385
Total asset turnover,Year 2: $392,750/$877,560 = .448
Return on total assets,Year 1: $47,950/942,550 = 5.1%
Return on total assets,Year 2: $53,245/$877,560 = 6.1%

Micron Company Had Profit for Year 1 of $47,950 and $53,425