Pont has net income of $1,000,000; total assets of $10,000,000; sales of $2,000,000; and debt of $3,000,000. What are Pont’s return on assets and…

Pont has net income of $1,000,000; total assets of $10,000,000; sales of $2,000,000; and debt of $3,000,000. What are Pont’s return on assets and return on equity, respectively (hint: assets = debt + equity)?Choose one answer. a. 12% and 21% b. 10% and 14.29% c. 7% and 10% d. 10% and 7%