Question
Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.1%. The firm's debt ratio was 39%, sales were $26 million, and the capital
Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.1%. The firm's debt ratio was 39%, sales were $26 million, and the capital intensity ratio was .76 times. What is the net income for PJ's last year? (Do not round intermediate steps.)
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Essentials Of Corporate Financial Management
Authors: Glen Arnold
1st Edition
1405847042, 978-1405847049
