Silverline Properties has a debt-equity ratio of 0.92. Return on assets is 8.4 percent, and total equity is $520,000. What is the net income?

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Silverline Properties has a debt-equity
ratio of 0.92. Return on assets is 8.4
percent, and total equity is $520,000.
What is the net income?
Transcribed Image Text:Silverline Properties has a debt-equity ratio of 0.92. Return on assets is 8.4 percent, and total equity is $520,000. What is the net income?
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