Q-2 Consider the financial information for Folger Corporation, a leading retailer. Table shows earnings for the company for 2019, as well as key balance statement figures from January 2020. Earnings and Expenses (In $ millions) Sales $10,000,000 Cost of goods sold (COGS) $5,000,000 Pretax Earnings $500,000 Selected Balance Sheet Items Merchandise inventory $80,000 Total Assets $2,000,000 With the preceding financial data, calculate some basic financial performance measurements for Folger Corporation Calculate Profit margin: Explanation the answer: Calculate Return on assets (ROA)