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2-12 Sunny Lawns has a debt ratio equal to 70 percent, total assets equal to $1 million, return on assets (ROA) equal to 15.9 percent,

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2-12 Sunny Lawns has a debt ratio equal to 70 percent, total assets equal to $1 million, return on assets (ROA) equal to 15.9 percent, and total assets turnover of 2.5. (a) If it has no preferred stock, what amount of common equity does Sunny have? (b) What is Sunny's net profit margin? (LO 2-3)

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