The solution gived detailed steps on calculating the net income, ROE and ROA. All formula and calculations are shown and explained.
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