Question: For the year ended December 31, 2016, Settles. Inc., earned an ROI of 14.7%. Sales for the year were $140 million, and average asset turnover

For the year ended December 31, 2016, Settles. Inc., earned an ROI of 14.7%. Sales for the year were $140 million, and average asset turnover was 3.5. Average stockholders' equity was $30 million.

Required:

a. Calculate Settles, Inc.'s margin and net income.

b. Calculate Settles, Inc.'s return on equity.

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