For the year ended December 31, 2022, Settles Incorporated earned an ROI of 9.2%. Sales...
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Accounting
For the year ended December 31, 2022, Settles Incorporated earned an ROI of 9.2%. Sales for the year were $13 million, and average asset turnover was 2.3. Average stockholders' equity was $2.6 million. Required: Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place
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