Vista Rentals has a debt-equity ratio of 0.65. Return on assets (ROA) is 6.5%, 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
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What is the net income?   Please given step by step explanation The general accounting question  do fast

Vista Rentals has a debt-equity ratio of
0.65. Return on assets (ROA) is 6.5%, and
total equity is $520,000.
What is the net income?
Transcribed Image Text:Vista Rentals has a debt-equity ratio of 0.65. Return on assets (ROA) is 6.5%, and total equity is $520,000. What is the net income?
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