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GlobalTech Corporation has total assets of $36.250 billion, total liabilities of $14.780 billion, and annual revenue of $23.450 billion. Their net profit margin for the year was 0.18, while their operating profit margin was 28 percent. What is GlobalTech's net income?

GlobalTech Corporation has total assets of $36.250 billion, total liabilities of $14.780 billion, and annual revenue of $23.450 billion. Their net profit margin for the year was 0.18, while their operating profit margin was 28 percent. What is GlobalTech's net income?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
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Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...
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GlobalTech Corporation has total assets of $36.250 billion, total liabilities of $14.780 billion, and annual revenue of $23.450 billion. Their net profit margin for the year was 0.18, while their operating profit margin was 28 percent. What is GlobalTech's net income?
Transcribed Image Text:GlobalTech Corporation has total assets of $36.250 billion, total liabilities of $14.780 billion, and annual revenue of $23.450 billion. Their net profit margin for the year was 0.18, while their operating profit margin was 28 percent. What is GlobalTech's net income?
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