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For the year ended December 31, 2022, Setties incorporated earned an ROl of 9.2%. Sales for the year were $11 million, and average asset turnover

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For the year ended December 31, 2022, Setties incorporated earned an ROl of 9.2%. Sales for the year were $11 million, and average asset turnover was 2.3. Average stockholders' equity was $2.6 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, L.e., $5 million should be entered as 5,000,000 b. Calculate Settles incorporated's return on equity. Note: Round your answer to 1 decimal place

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