Problem:
Here and Gone, Inc., has sales of $19.9 million, total assets of $14.9 million, and total debt of $5.7 million. Assume the profit margin is 12 percent.
Required:
Question 1: What is net income?
Question 2: What is ROA?
Question 3: What is ROE?
Note: Please explain comprehensively and give step by step solution.