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Calculate Settles Inc margin and net income

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Reference no: EM132880078

Problem - For the year ended December 31, 2019, Settles Inc. earned an ROI of 8.8%. Sales for the year were $13 million, and average asset turnover was 2.2. Average stockholders' equity was $3.3 million.

Required -

a. Calculate Settles Inc.'s margin and net income.

b. Calculate Settles Inc.'s return on equity.

Reference no: EM132880078

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