You need the following information to answer the following $3$ questions.

Assume the that Business Source of Hammond Corp has total liabilities of $$180,000,$ and total assets of $$320,000.$ It has sales of $$600,000$ and a profit margin of $55\%.$ It pays taxes of $$10,000$ and has an interest expense of $$5,000.$

What is ROA $($return on assets$)?$ Give you final answer as a percentage. Put the $\%$ sign in your answer.

What is net income?

What is EBIT?