Question: Can you explain this general accounting question using accurate calculation methods? For the year ended December 31, 2022, Crayton Corp. earned a Return on Investment

Can you explain this general accounting question using accurate calculation methods?

For the year ended December 31, 2022, Crayton Corp. earned a Return on Investment (ROI) of 9.6%. Total sales for the year were $15,600,000, and the average asset turnover was 2.4. Average stockholders' equity was $3,000,000. a. Calculate Crayton Corp.'s margin and net income. b. Calculate Crayton Corp.'s return on equity (ROE)

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