1. The following information is available for the ASA Company: Balance Sheet for 1997 Cash $600,000 Account Receivable $900,000 Inventory $1,500,000 Fixed Asset $2,500,000 Total Asset $5,500,000 Account payable Excess Paid in Capital Common Stock Retained Earnings Total Liab, And Equity $1,700,000 $800,000 $2,100,000 $900,000 $5,500,000 What is the ROE (Return on Equity) and ROA (Return on Assets) when the firm has $320,000 net income in 1997?-