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ADK Incorporated houses of $39 million, and total assets of $21 million and total debt of $6 million. A. If the profit margin is 8%, what is the net income? B. What is the ROA?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 6P

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ADK Incorporated houses of $39 million, and total assets of $21 million and total debt of $6 million. A. If the profit margin is 8%, what is the net income? B. What is the ROA?

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