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P3-2 Calculating Profitability Ratios [LO2] Wakers, Inc., has sales of $36 million, total assets of $23 million, and total debt of $7 million. Required: (a)

P3-2 Calculating Profitability Ratios [LO2]

Wakers, Inc., has sales of $36 million, total assets of $23 million, and total debt of $7 million.

Required:
(a) If the profit margin is 8 percent, what is the net income?
(Click to select)$2,880,000$1,840,000$2,800,000$1,280,000$2,592,000

(b) What is the ROA?
(Click to select)12.52%30.43%41.14%18.00%11.27%

(c) What is the ROE?

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