Question
Precious Metal Mining has $5 million in sales, its ROE is 12%, and its total assets turnover is 4x. Common equity on the firms balance
Precious Metal Mining has $5 million in sales, its ROE is 12%, and its total assets turnover is 4x. Common equity on the firms balance sheet is 55% of its total assets. What is its net income? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent. Do not round intermediate steps.
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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
