Question: answer this question For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.6%. Sales for the year were $10 million, and
answer this question

For the year ended December 31, 2019, Settles Inc. earned an ROI of 9.6%. Sales for the year were $10 million, and average asset turnover was 2.4. Average stockholders' equity was $3.4 million. Required: a. Calculate Settles |nc.'s margin and net income. (Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e.. $5 million should be entered as 5,000,000.) 1). Calculate Settles |nc.'s return on equity. (Round your answer to 1 decimal place.) Margin Net income Return on equity
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