Question: Under Armour, Inc., reported sales of $725,244 and net income of $38,229 in its 2008 income statement. Under Armour also reported total assets of $487,555 in its 2008 balance sheet and $390,613 in its 2007 balance sheet. All amounts are reported in thousands of dollars. (For example, "$725,244" indicates $725,244,000.)
Required: Calculate the return on assets, the profit margin, and the asset turnover ratio for Under Armour in 2008.