Denver, incorporated, has sales of $28 million, total assets of $26.5 million, and total
debt of $7.3 million. assume the profit margin is 7 percent.
a. what is the company's net income? (do not round intermediate calculations and
enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
b. what is the company's roa? (do not round intermediate calculations and enter your
answer as a percent rounded to 2 decimal places, e.g., 32.16.)
c. what is the company's roe? (do not round intermediate calculations and enter your
answer as a percent rounded to 2 decimal places, e.g., 32.16.)
a. net income
$
2
b. roa
c. roe
st
%
%