General Accounting Question please answer this one Aguilera Pet Supplies has sales of $3,000,total assets of $1,800, and an equitymultiplier of 1.5. Its return on equity (ROE) is12%.What is the net income of Aguilera PetSupplies?

Step 1: Define Return on Equity (ROE)Return on Equity (ROE) measures a company's profitability by…

Answered: Aguilera Pet Supplies has sales of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 2P

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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?