Need help with this accounting questions TechCorp Industries has total assets of $42.750 billion, total debt of $12.456billion, and net sales of $28.640 billion. Their net profit margin for the year was0.22, while the operating profit margin was 35 percent. What is TechCorp's netincome?

Step 1: Definition of Net IncomeNet income is the profit a company earns after deducting all…

Answered: TechCorp Industries has total assets of…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 13P

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TechCorp Industries has total assets of $42.750 billion, total debt of $12.456 billion, and net sales of $28.640 billion. Their net profit margin for the year was 0.22, while the operating profit margin was 35 percent. What is TechCorp's net income?