Y3K, Inc., has sales of $5407, total assets of $2932, and a debt-equity ratio of 1. If its return on equity is 12%, what is its net income? (Round 2 decimal places)

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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Please Provide Solution of this Question with Round 2 Decimal places

Y3K, Inc., has sales of $5407, total assets
of $2932, and a debt-equity ratio of 1. If its
return on equity is 12%, what is its net
income? (Round 2 decimal places)
Transcribed Image Text:Y3K, Inc., has sales of $5407, total assets of $2932, and a debt-equity ratio of 1. If its return on equity is 12%, what is its net income? (Round 2 decimal places)
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