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A Hong Kong firm has a debt-equity ratio of 61 %, a total asset turnover of 1.40, and a profit margin of 8.8 %. The
A Hong Kong firm has a debt-equity ratio of 61 %, a total asset turnover of 1.40, and a profit margin of 8.8 %. The total equity is $672,500. What is the amount of the net income?
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
