Question: Problem 3-2 Calculating Profitability Ratios [LO 2] Wims, Inc., has sales of $18.8 million, total assets of $13.8 million and total debt of $4.6 million.

Problem 3-2 Calculating Profitability Ratios [LO 2] Wims, Inc., has sales

Problem 3-2 Calculating Profitability Ratios [LO 2] Wims, Inc., has sales of $18.8 million, total assets of $13.8 million and total debt of $4.6 million. The profit margin is 11 percent. a. What is the company's net income? (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 the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded 2 decimal places, e.g., 32.16.) What is the company's ROE? (Do not round intermediate calculations and enter your C. answer as a percent rounded 2 decimal places, e.g., 32.16.)

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