Question
Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.5%. The firm's debt ratio was 45%, sales were $40 million, and the capital
Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.5%. The firm's debt ratio was 45%, sales were $40 million, and the capital intensity ratio was .90 times. What is the net income for PJ's last year? (Do not round intermediate steps.)
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Earnings Quality
Authors: Andrew P.C.
1st Edition
1521507724, 978-1521507728
