Jennings Lumber has total sales of $679,000, total equity of $424,000, and total assets of $800,000. What is the return on equity if the firms profit margin is 7.3 percent?

11.69 percent

15.04 percent

13.45 percent

17.06 percent

Trails End has sales of $379,000, a tax rate of 34 percent, and a profit margin of 4.6 percent. What is the return on equity if the firm has total equity of $207,000?

5.56 percent

9.94 percent

8.42 percent

12.34 percent

Wakers, Inc., has sales of $33 million, total assets of $22 million, and total debt of $7 million.

Required:

(a)	If the profit margin is 7 percent, what is the net income?
	(Click to select)$2,310,000$1,540,000$2,240,000$1,050,000$2,079,000

(b)	What is the ROA?
	(Click to select)33.00%15.40%10.50%31.82%9.45%

(c)	What is the ROE?
	(Click to select)13.86%10.50%31.82%33.00%15.40%