Archware Systems has total assets of $35.594 billion, a total debt of $9.678 billion, and net sales of $23.840 billion. Their net profit margin for the year was 0.17, while the operating profit margin was 30 percent. What is Archware's net income?

Archware Systems has total assets of $35.594 billion, a total debt of $9.678 billion, and net sales of $23.840 billion. Their net profit margin for the year was 0.17, while the operating profit margin was 30 percent. What is Archware's 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 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...

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Question

financial accounting question

Archware Systems has total assets of $35.594
billion, a total debt of $9.678 billion, and net
sales of $23.840 billion. Their net profit margin
for the year was 0.17, while the operating
profit margin was 30 percent. What is
Archware's net income?

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