Problem $3-16($Static$)$

Pony Express Company has $$750,000$ in assets and $$300,000$ of debt. The income for the year is $$55,000.$

a$.$ Calculate the ROA.

Note: Round the final answer to $2$ decimal places.

ROA

$\%$

b$.$ What is the return on shareholders' equity?

Note: Do not round intermediate calculations. Round the final answer to $2$ decimal places.

Shareholders'equity

$\%$

c$.$ If the asset turnover ratio is $2\mathrm{.}2$ times, what is the profit margin?

Note: Do not round intermediate calculations. Round the final answer to $2$ decimal places.

Profit margin