2. Wakers, Inc., has sales of $32 million, total assets of $23 million, and total debt of $7 million. (a)If the profit margin is 8 percent, what is the net income? A $240,000 B $2,240,000 C $2,560,000 D $1,940,000 (b) What is the ROA? A 36.57 B 30.43 C 16.00 D 11.13 (c)What is the ROE? A 36.57 B 30.43 C 16.00 D 11.13 3.Ortiz Lumber Yard has a current accounts receivable balance of $447,615. Credit sales for the year just ended were $2,953,600. (a)What is the receivables turnover? A 6.6 B 7.26 C 0.15 D 5.94 (b) What is the days' sales in receivables? A 66.38 B 55.32 C 60.85 D 40.79