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Problem 3 - 2 Calculating Profitability Ratios [ LO 2 ] Mazer, Incorporated, has sales of $ 2 1 million, total assets of $ 1

Problem 3-2 Calculating Profitability Ratios [LO2]
Mazer, Incorporated, has sales of $21 million, total assets of $18.3 million, and total debt of $9.5 million. Assume the profit margin is 9 percent.
a. What is the company's net income?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g.,1,234,567.
b. What is the company's ROA?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
c. What is the company's ROE?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.
\table[[a. Net income,,],[b. ROA,,%
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