Aguilera Pet Supplies has sales of $3,000, total assets of $1,800, and an equity multiplier of 1.5. Its return on equity (ROE) is 12%. What is the net income of Aguilera Pet Supplies?
Aguilera Pet Supplies has sales of $3,000, total assets of $1,800, and an equity multiplier of 1.5. Its return on equity (ROE) is 12%. What is the net income of Aguilera Pet Supplies?
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
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Transcribed Image Text:Aguilera Pet Supplies has sales of $3,000,
total assets of $1,800, and an equity
multiplier of 1.5. Its return on equity (ROE) is
12%.
What is the net income of Aguilera Pet
Supplies?
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