19 MigMo Corp's financial statements contain the following information: o Sales = $280mm o Assets = $280mm o Equity = $140mm o ROE = 10% o Current assets = $57mm MigMo's goal is to have a net margin greater than 8%. Did the company achieve its goal? O Yes, the firm's net margin was 10% O Yes, the firm's net margin was 20% O No, the firm's net margin was 7.22% O No, the firm's net margin was less than 8%