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A company has sales of $1,500, total assets of $780, and a debt ratio of 0.42. If its return on equity (ROE) is 15%, what is its net income? a) $63.50 b) $67.86 c) $72.25 d) $78.00

A company has sales of $1,500, total assets of $780, and a debt ratio of 0.42. If its return on equity (ROE) is 15%, what is its net income? a) $63.50 b) $67.86 c) $72.25 d) $78.00

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Hi expert please give me answer general accounting

A company has sales of $1,500, total assets of $780, and a debt ratio of 0.42. If its return on equity (ROE) is 15%, what is its net income? a) $63.50 b) $67.86 c) $72.25 d) $78.00
Transcribed Image Text:A company has sales of $1,500, total assets of $780, and a debt ratio of 0.42. If its return on equity (ROE) is 15%, what is its net income? a) $63.50 b) $67.86 c) $72.25 d) $78.00
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