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For the year ended December 31, 2016, Settles, Inc., earned an ROI of 10.0%. Sales for the year were $9.5 million, and average asset turnover

For the year ended December 31, 2016, Settles, Inc., earned an ROI of 10.0%. Sales for the year were $9.5 million, and average asset turnover was 2.5. Average stockholders' equity was $3.5 million.

Required:

a.Calculate Settles, Inc.'s margin and net income.

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