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Denver, Incorporated, has sales of $29 million, total assets of $271 million, and total debt of $9.3 million. Assume the profit margin is 11 percent.
Denver, Incorporated, has sales of $29 million, total assets of $271 million, and total debt of $9.3 million. Assume the profit margin is 11 percent. a. What is the company's net income? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.) b. What is the company's ROA? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the company's ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
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