I won't to this question answer financial Accounting Archware Systems has:Total assets $35.594 billionTotal debt $9.678 billionNet sales$23.630 billionTheir net profit margin for the year was 0.25, while the operating profitmargin was 30 percent.What is Archware's Net income?

Step 1: Define Net IncomeTo calculate net income, the expenses of a business entity are deducted…

Answered: Archware Systems has: Total assets…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Archware Systems has: Total assets $35.594 billion Total debt $9.678 billion Net sales $23.630 billion Their net profit margin for the year was 0.25, while the operating profit margin was 30 percent. What is Archware's Net income?