what is Archware's' net income? Archware Systems has total assets of $35.594billion, total debt of $9.678 billion, and net sales of$22.390 billion. Their net profit margin for the yearwas 0.16, while the operating profit margin was 30percent. What is Archware's net income?

Given:Net Profit Margin = 0.16Net Sales = $22.390 billionNet Income=0.16×22.390=3.5824 billion…

Answered: Archware Systems has total assets of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...

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Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $22.390 billion. Their net profit margin for the year was 0.16, while the operating profit margin was 30 percent. What is Archware's net income?