Green Tech Solutions has a return on equity of 18%, a net profit margin of 9%, and total equity of $800. What is the net income?
Green Tech Solutions has a return on equity of 18%, a net profit margin of 9%, and total equity of $800. What is the 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 6P
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Transcribed Image Text:Green Tech Solutions has a return on equity of
18%, a net profit margin of 9%, and total equity of
$800. What is the net income?
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