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3. (20 points) DW Industries has a D/E ratio of 0.5 and an ROE of 0.1. For every dollar it has in its assets, DW

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3. (20 points) DW Industries has a D/E ratio of 0.5 and an ROE of 0.1. For every dollar it has in its assets, DW produces $0.2 in sales. In 2019, DW made all of its sales on credit with an average of $2million in Accounts Receivables. It took DW 30 days to collect the cash on purchases the clients made. What is your best estimate of the DW's 2020 Earnings

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