14. A firm's sales are $10,000,000, and net income is $%1,000,000, the total asset 14. A firm's sales are $10,000,000, and net income is $1,000,000, the total asset turnover, TAT, is 2 times. The firm is 100% equity financed! First calculate the profit margin. at are total assets? $ (use TAT formula) % what is ROE, % + 8 pts Now calculate ROA