Answered: Diamond Eyes, Inc., has sales of $18… | bartleby

Intermediate Financial Management (MindTap Course List)

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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Diamond Eyes, Inc., has sales of $18 million, total assets
of $15.6 million, and total debt of $6.3 million. The profit
margin is 8 percent.
1. What is net income?
2. What is ROA?
3. What is ROE?

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