Calculate margin, net income, and ROE For the year ended December 31,2009, Ebanks, Inc. earned an ROI of 12%. Sales for the year were $96 million, and average asset turnover was 2.4 Average owners equity was $32 million.

Question

Calculate margin, net income, and ROE For the year ended December 31,2009, Ebanks, Inc. earned an ROI of 12%.  Sales for the year were $96 million, and average asset turnover was 2.4 Average owners equity was $32 million.

Calculate Ebanks, Inc.’s margin and net income

Calculate Ebanks, Inc.’s return on equity