Question: For the year ended December 31, 2022, Settes incorporated earned an ROl of 7.2%. Sales for the year were $10 million, and average asset turnover

For the year ended December 31, 2022, Settes incorporated earned an ROl of 7.2%. Sales for the year were $10 million, and average asset turnover was 1.8. Average stockholders' equity was $2.7 million. Required: a. Calculate Settles incorporateds margin and net income. Note: Round "Margin" answer to 1 decimal place, Enter the net income answer in dollars, l.e., $5 million should be entered as 5,000,000 b. Calculate Settles incorporated's return on equity. Note: Round your answer to 1 decimal place

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