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Grossman Enterprises has an equity multiplier of 2.24 times, total assets of $1,574,000, an ROE of 16.60 percent, and a total asset turnover ratio of
Grossman Enterprises has an equity multiplier of 2.24 times, total assets of $1,574,000, an ROE of 16.60 percent, and a total asset turnover ratio of 2.72 times. Calculate the firms sales and ROA. (Round sales to nearest whole dollar, e.g. 125 and ROA to 2 decimal places, e.g. 15.25%.)
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