Calculate the firms sales and ROA

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Reference no: EM13894366

Grossman Enterprises has an equity multiplier of 3.08 times, total assets of $1,596,000, an ROE of 15.10 percent, and a total asset turnover ratio of 3.15 times. Calculate the firm’s sales and ROA. (Round sales to nearest whole dollar, e.g. 125 and ROA to 2 decimal places, e.g. 15.25%.)

Reference no: EM13894366

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