III. b) Last year Popsicles and Confetti, Inc. (P&C) had sales of $10 million, a net income of $1 million, assets of $8 million, a debt ratio of 25%, and a gross margin of 30%. Calculate return on assets (ROA) and return on equity (ROE). (5 points) Sales 10,000,000 Net income 1,000,000 Assets 8,000,000 DR 0.25 GM d. 30 ROA ROE