Question
Sales = $10,570 Total assets = $4,670 Debt-equity ratio = 0.25 Return on equity = 15% (I assume the above totals are in millions) What
Sales = $10,570
Total assets = $4,670
Debt-equity ratio = 0.25
Return on equity = 15%
(I assume the above totals are in millions)
What is the net income? Please show your process.
*This is a book exercise. The given answer is $560.40
The book does not explain the process of how to get the given answer. This is what I need help in understanding.
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Financial Accounting
Authors: Jamie Pratt, Michael F Peters
11th Edition
1119745322, 978-1119745327
