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Q-2 Consider the financial information for Folger Corporation, a leading retailer. Table shows earnings for the company for 2019, as well as key balance statement figures from January 2020.1 Earnings and Expenses (in $ millions) Sales $50,000,000 Cost of goods sold (COGS) $30,000,000 Pretax Earnings $5,000,000 Selected Balance Sheet Items Merchandise inventory $2,500,000 Total Assets $8,000,000 With the preceding financial data, calculate some basic financial performance measurements for Folger Corporation. Calculate Profit margin: Explanation the answer: Calculate Return on assets (ROA)