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Problem 4.22 Cullumber, Inc., has net income of $20, 160,000 on net sales of $480,000,000. The company has total assets of $120,000,000 and stockholders' equity

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Problem 4.22 Cullumber, Inc., has net income of $20, 160,000 on net sales of $480,000,000. The company has total assets of $120,000,000 and stockholders' equity of50,000,000. Use the extended DuPont identity to find the return on assets and return on equity for the firm. (Round answers to 2 decimal places, e.g. 12.25 or 12.25%) Profit margin Total assets turnover ROA ROE times Click if you would like to Show Work for this

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