Question: Solve the problem. Please show steps a) Common Equity(C/E) is $400,000(No Debt), Sales are $600,000, NI is $25,000, ROE goal 15% What profit margin needed

Solve the problem. Please show steps a) Common Equity(C/E) is $400,000(No Debt), Sales are $600,000, NI is $25,000, ROE goal 15% What profit margin needed to hit goal? b) NI is $20,000. Year end assets are $300,000 Liabilities to Assets ratio is 40% What is ROE?

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