Answered: Dwayne Enterprises has a return on…

Dwayne Enterprises has a return on equity of 18 percent. The total asset turnover is 2.5 and the profit margin is 6 percent. The total equity is $9,200. What is the amount of the net income?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...

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Question

Dwayne Enterprises has a return on equity of 18 percent. The total asset turnover is 2.5 and the profit margin is 6 percent. The total equity is $9,200. What is the amount of the net income?

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