Diamond Eyes, Inc., has sales of $16 million, total assets of $14.1 million, and total debt of $8.2 million. Assume the profit margin is 6 percent.
What is net income? (Enter your answer in dollars not in millions, i.e. 1,234,567.)
Net income $
What is ROA? (Round your answer to 2 decimal places. (e.g., 32.16))
What is ROE? (Round your answer to 2 decimal places. (e.g., 32.16))
The solution gived detailed steps on calculating the net income, Return on Assets and Return on Equity. All formula and calculations are shown and explained.