Question: For the year ended December 31, 2013, Ebanks, Inc., earned an ROI of 12%. Sales for the year were $150 million, and average asset turnover

For the year ended December 31, 2013, Ebanks, Inc., earned an ROI of 12%. Sales for the year were $150 million, and average asset turnover was 2.5. Average stockholders’ equity was $50 million.

Calculate Ebanks, Inc.’s margin and net income. (Round your "margin" answer to 1 decimal place (i.e., 32.1).)
Calculate Ebanks, Inc.’s return on equity. (Round your answer to 1 decimal place. (i.e., 32.1))

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