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Answer as soon as possible: value: 1.68 points Problem 3-2 Calculating Profitability Ratios LO 2l Remi, Inc., has sales of $19.2 million, total assets of
Answer as soon as possible:
value: 1.68 points Problem 3-2 Calculating Profitability Ratios LO 2l Remi, Inc., has sales of $19.2 million, total assets of $14.2 million, and total debt of $5 million. If the profit margin is 10 percent. Requirement 1: What is net income? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (e.g., 1,234,567)) Net income Requirement 2: What is ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded 2 decimal places (e.g., 32.16).) ROA Requirement 3: What is ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g. 32.16). ROEStep by Step Solution
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