FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 (1 point) Archware Systems has total assets of $35.594 billion, tot al debt of $9.678 billion, and net sales of $23.600 billion. Their

image text in transcribed
Question 5 (1 point) Archware Systems has total assets of $35.594 billion, tot al debt of $9.678 billion, and net sales of $23.600 billion. Their net profit margin for the year was 0.15, while the operating profit margin was 30 percent. What is Archware's net income? (Answer needs to be stated in billions. For example: 2.83) Round to two decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Economics

Financial Economics

Authors: Zvi Bodie, Robert C Merton, David Cleeton

2nd Edition

0558785751, 9780558785758

More Books

Students also viewed these Finance questions

Question

★★★★★
Target, Inc. has the following information available for the month of July: 1. Compute the amount of raw materials used for the month of July. 2. Compute then amount of cost of goods manufactured for...

Answered: 1 week ago

Question

★★★★★
On 1 July 2022 Midget Ltd acquired some corporate bonds issued by Farrelly Ltd. These bonds cost $2 277 220 and had a life of four years. They had a face value of $2 million and offered a coupon rate...

Answered: 1 week ago

Question

★★★★★
1. Write the goals or objectives on the board, and discuss them with students before starting. Ask students to summarize or restate the goals.

Answered: 1 week ago

Question

★★★★★
Roberta Santos, age 41, is single and lives at 120 San-borne Avenue, Springfield, IL 60781. Her Social Security number is 123-45-6789. Roberta has been divorced from her former husband, Wayne, for...

Answered: 1 week ago

Question

★★★★★
You are developing a solution to secure a company's Azure resources. The environment hosts 1 0 teams. Each team manages a project and has a project manager, a virtual machine ( VM ) operator,...

Answered: 1 week ago

Question

★★★★★
2 6 5 . Isobaric process means a constant process. Temperature Pressure Volume Entropy

Answered: 1 week ago

Question

★★★★★
The temperature T = T(x,y) in C at point (x,y) satisfies Tx (1,2)=4 and Ty (1,2)=-8. If 4t-4 x = e t=1 sec. cm and y = 2 + In t cm, find the rate at which the temperature T changes when When t = 1...

Answered: 1 week ago

Question

★★★★★
Exercise: Let f(x) = 8x-4 - (a) Plot the graph of f(x) and f'(x). (b) Identify the points where f(x) is not differen- tiable..

Answered: 1 week ago

Question

★★★★★
. Straight rankings . Paired comparisons . Forced distribution Critical incident method

Answered: 1 week ago

Question

★★★★★
In the "Short-Answer Questions" section found in Chapter 16, answer question 1. In your explanation, describe in detail why litigation may not be as cost efficient as other methods of dispute...

Answered: 1 week ago

Question

★★★★★
Briefly describe 3 key lessons learned from reading Simon Sinek's book "Start with Why"?

Answered: 1 week ago

Question

★★★★★
=+6. How does a firm avoid the perception that its CSR report is greenwash?

Answered: 1 week ago

Question

★★★★★
=+Was the judge correct to rule the way he did? If the case came before the court today, would the outcome be any different?

Answered: 1 week ago

Question

★★★★★
=+1. What is your opinion of the verdict delivered in Dodge v. Ford Motor Company?

Answered: 1 week ago

Previous Question Next Question