(Answered) Question - barr company had total assets of 320000 in 2008

Accounting

Question - Barr Company had total assets of $320,000 in 2008, $340,000 in 2009, and $380,000 in 2010. The company's debt to equity ratio was .67 times in all three years. In 2009, Barr had net income of $38,556 on revenues of $612,000. In 2010, it had net income of $49,476 on revenues of $798,800. Compute the profit margin, asset turnover, return on assets, and return on equity for 2009 and 2010. Comment on the apparent cause of the increase or decrease in profitability. (Round your answers to one decimal place).

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