Here is question 23 and 24 since they go together.,,23 ,Country Boy, Inc. has sales of $24 million, total assets of $18 million, and total debt of $7 million.,Required: ,,(a) If the profit margin is 8 percent, what is the net income?,, (a) $1,920,000, (b) $1,440,000, (c) $880,000, (d) $1,730,000, (e) $2,000,000,24. Using the same data as Question 23 above,(b) What is the ROA?,, (a) 10.67%, (b) 9.60%, (c) 27.43%, (d) 38.89%, (e) 17.45%,
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