From the information provided,calculate Wooden's profit margin ratio for each of the three years.Comment on the results,assuming that the industry average for the profit margin ratio is 6% for each of the three years.
2011 2010 2009
Net income $ 2,630 $ 2,100 $ 1,850
Net Sales 36,500 32,850 31,200
Total Assets 400,000 385,000 350,000

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The Answer of From the information provided,calculate Wooden's profit margin ratio for each of the three years.Comment on the results,assuming that the industry average for the profit margin ratio is 6% for each of the three years.
2011 2010 2009
Net income $ 2,630 $ 2,100 $ 1,850
Net Sales 36,500 32,850 31,200
Total Assets 400,000 385,000 350,000

From the Information Provided,calculate Wooden's Profit Margin Ratio for Each