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Problem 3-2 Calculating Profitability Ratios [LO 2] Remi, Inc., has sales of $18.4 million total assets of $13.4 million, and total debt of $4.2 million.

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Problem 3-2 Calculating Profitability Ratios [LO 2] Remi, Inc., has sales of $18.4 million total assets of $13.4 million, and total debt of $4.2 million. If the profit margin is 12 percent Requirement 1: What is net income? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars (0.g., 1,234,567).) Not Income 2.208.001 Requirement 2: What is ROA? (Do not round intermediate calculations. Enter your answer as a percent rounded 2 decimal places (0.g. 32.16).) ROA 16.48 Requirement 3: What is ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (0.9. 32.16).) ROE 24 %

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