Exercise 3-14 (Static) Calculate margin, net income, and ROE LO 3, 4 For the year ended December 31, 2019, Settles Inc. earned an ROI of 12.6%. Sales for the year were $120 million, and average asset turnover was 28. Average stockholders' equity was $25 million Required: a. Calculate Settles Inc.'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.) b. Calculate Settles Inc.'s return on equity. (Round your answer to 1 decimal place.) % Margin Net Income Return on equity b 216 %