A company has $23 million of sales ans $1.5 miltion of net income its total assets are $20 million. The company's total assets egoill total invested capital and its caplal consists of haif debt and half comman equity. The firm's inererest rahe is 3%, and its tax race is 25%. What is the Profit Margin? Jarte tof thimoie are cairrecit. B. 93 Question 40 A company has $23 million of sales and $1.5 million of net income. Its total assets are $20 million. The company's total assets equal total invested capital, and its capital consists of half debt and half common equity. The firm's interest rate is 5%, and its tax rate is 25%. What is the Return on Assets