Anant Enterprises has sales of $750, total assets of $450, and a debt/equity ratio of 1.80. If its return on equity is 12 percent, what is its net income?
Anant Enterprises has sales of $750, total assets of $450, and a debt/equity ratio of 1.80. If its return on equity is 12 percent, what is its net income?
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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Subject: financial accounting
![Anant Enterprises has sales
of $750, total assets of $450,
and a debt/equity ratio of
1.80. If its return on equity is
12 percent, what is its net
income?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff03c940a-a3c5-4834-a45a-89262b7bd0a1%2F0932c382-7e52-43fb-a367-588762a16b1c%2Fdr9k73_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Anant Enterprises has sales
of $750, total assets of $450,
and a debt/equity ratio of
1.80. If its return on equity is
12 percent, what is its net
income?
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