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Net income-roa-roe


Problem:

Diamond Eyes, Inc., has sales of $14 million, total assets of $12 million, and total debt of $6.7 million. Assume the profit margin is 7 percent.

Requirement:

Question 1: What is net income?

Question 2: What is ROA?

Question 3: What is ROE?

Note: Show supporting computations in good form.

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Accounting Basics: Net income-roa-roe
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