Question: Missing a step in solving. Please help! Problem 4.27 Grossman Enterprises has an equity multiplier of 2.6 times, total assets of $2,312,000, an ROE of

Missing a step in solving. Please help!

Problem 4.27 Grossman Enterprises has an equity multiplier of 2.6 times, total assets of $2,312,000, an ROE of 14.8 percent, and a total asset turnover ratio of 2.8 times. Calculate the firms sales and ROA.(Round sales to nearest dollar, e.g. 5,675 and ROA answer to 2 decimal places, e.g. 15.25%.)

Grossmans sales are $ and its ROA is%.

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