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S03-18 Using the DuPont Identity [LO3] Y3K, Incorporated, has sales of $5,987, total assets of $2,532, and a debt-equity ratio of .57. If its return
S03-18 Using the DuPont Identity [LO3]
Y3K, Incorporated, has sales of $5,987, total assets of $2,532, and a debt-equity ratio of .57. If its return on equity is 11 percent, what is its net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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