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For the year ended December 31, 2019, Settles Inc, earned an ROI of 8.0%. Sales for the year were $13 million, and average asset turnover

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For the year ended December 31, 2019, Settles Inc, earned an ROI of 8.0%. Sales for the year were $13 million, and average asset turnover was 2. Average stockholders' equity was $3.2 million Required: a. Calculate Settles Inc's morgin and net income (Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, Le., $5 million should be entered as 5,000,000.) b. Calculate Settles Inc's return on equity. (Round your answer to 1 decimal place.) % a Margin Net income b Return on equity

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