Problem $3-2$ Calculating Profitability Ratios $[$LO $2]$

Denver, Incorporated, has sales of $$14\mathrm{.}2$ million, total assets of $$11\mathrm{.}3$ million, and total debt of $$4\mathrm{.}9$ million. The profit margin is $5$ percent.

a$.$ What is net income?

Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.$

b$.$ What is ROA?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

c$.$ What is ROE?

Note: Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

$\backslash$table$[[$a$.$ Net income,,$],[$b$.$ ROA,,$\%$