Calculate margin, net income, and ROE For the year ended December 31, 2009, Ebanks, Inc., earned an

Question:

Calculate margin, net income, and ROE For the year ended December 31, 2009, Ebanks, Inc., earned an ROI of 12%. Sales for the year were $96 million, and average asset turnover was 2.4. Average owners' equity was $32 million. Required:

a. Calculate Ebanks, Inc.'s margin and net income.

b. Calculate Ebanks, Inc.'s return on equity.

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