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For the year ended December 31, 2013, Taylor & Partridge, earned an ROI of 14%. Sales for the year were $18 million, and average asset

For the year ended December 31, 2013, Taylor & Partridge, earned an ROI of 14%. Sales for the year were $18 million, and average asset turnover was 2. Average stockholders' equity was $2.5 million.

Required:
a.

Calculate Taylor & Partridge's margin and net income.(Round your "margin" answer to 1 decimal place (i.e., 32.1).)

Margin%: Net Income:

b. Calculate Taylor & Partridge's return on equity.(Round your answer to 1 decimal place. (e.g., 32.1))
Return on equity:

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