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Company ABC has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information:
Company ABC has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales = $64 million, total debt = $24 million, debt to asset ratio = 46%, ROE = 12.4%. Based on this information, what is the firms net income? A. $1,987,205 B. $2,580,723 C. $3,493,565 D. $2,508,908
Company ABC has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales = $64 million, total debt = $24 million, debt to asset ratio = 46%, ROE = 12.4%. Based on this information, what is the firms net income?
A.
$1,987,205
B.
$2,580,723
C.
$3,493,565
D.
$2,508,908
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Understanding Business Ethics
Authors: Peter A. Stanwick, Sarah D. Stanwick
3rd Edition
9781506303239
