Problem $3-2$ Calculating Profitability Ratios $[$LO$2]$

Denver, Incorporated, has sales of $$15$ million, total assets of $$12\mathrm{.}6$ million, and total debt of $$5\mathrm{.}6$ million. Assume the profit margin is $8$ percent.

a$.$ What is the company's net income? $($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? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

c$.$ What is the company's ROE? $($Do not round intermediate calculations and enter your answer as a percent rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$a$.$ Net income,,$],[$b$.$ ROA,,$\%$