ACC 280 Brief Exercise 15-10 McLaren Corporation has net income of 11.44 million and net revenue

ACC 280 Brief Exercise 15-10 McLaren Corporation has net income of 11.44 million and net revenue  

Brief Exercise 15-10 McLaren Corporation has net income of $11.44 million and net revenue of $80 million in 2008. Its assets are $14 million at the beginning of the year and $18 million at the end of the year.

What are McLaren’s

(a) asset turnover and

(b) profit margin?