Please given correct answer general accounting 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?

Step 1: Define Net Profit MarginNet profit margin is one of the profitability ratios that shows the…

Answered: Archware Systems has total assets of…

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 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?