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?
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?
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 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...
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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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