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Hi, I need help with my assignment please Last year, Stumble-on-Inn, Inc., reported an ROE of 19 percent The firm's debt ratio was 60 percent,
Hi, I need help with my assignment please
Last year, Stumble-on-Inn, Inc., reported an ROE of 19 percent The firm's debt ratio was 60 percent, sales were $34 million, and the capital intensity was 1.30 times. Calculate the net income for Stumble- on-Inn last year. (Do not round intermediate calculations. Enter your answer in dollars not in millions.) ROE Debt ratio Sales Capital intensity ratio 19% 60% 34,000,000 1.30 $ Complete the following analysis. Do not hard code values in your calculations Total assets Total debt Total equity Net income
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