Total assets are $14.7million, while sales are $19.7million, and total liabilities are $5.5 million. Profit margin...

 

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Total assets are $14.7million, while sales are $19.7million, and total liabilities are $5.5 million. Profit margin equals 10%. Requirement 1: What is net income? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) Net income Requirement 2: What is ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded 2 decimal places (e.g., 32.16).) ROA % Requirement 3: What is ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) ROE % Total assets are $14.7million, while sales are $19.7million, and total liabilities are $5.5 million. Profit margin equals 10%. Requirement 1: What is net income? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567).) Net income Requirement 2: What is ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded 2 decimal places (e.g., 32.16).) ROA % Requirement 3: What is ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) ROE %

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Requirement 1 We can use the formula for calculating net income Net Income Sales x Pr... View the full answer