Vincent Global has total assets of $875,600, a total asset turnover rate of 1.48, a debt- equity ratio of 0.55, and a return on equity equity of of 17.5 percent. What is the firm's net income?
Vincent Global has total assets of $875,600, a total asset turnover rate of 1.48, a debt- equity ratio of 0.55, and a return on equity equity of of 17.5 percent. What is the firm's net income?
Chapter3: Analysis Of Financial Statements
Section: Chapter Questions
Problem 8P
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Please provide the correct answer to this financial accounting problem using accurate calculations.

Transcribed Image Text:Vincent Global has total assets
of $875,600, a total asset
turnover rate of 1.48, a debt-
equity ratio of 0.55, and a
return on equity
equity of
of 17.5
percent. What is the firm's net
income?
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