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  3. for the year ended december 31,2022 , settles inco

For the year ended December 31,2022 , Settles incorporated earned an ROI of 10.0%. Sales...

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Accounting

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For the year ended December 31,2022 , Settles incorporated earned an ROI of 10.0%. Sales for the year were $9 million, and average asset turnover was 2.5 . Average stockholders' equity was $3.4 million. Required: a. 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. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place

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