Y3K, Inc., has sales of $6.259, total assets of $2,875, and a debt-equity ratio of 1.70. If its return on equity is 13 percent, what is its net income? ~(Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Net income $
Y3K, Inc., has sales of $6.259, total assets of $2,875, and a debt-equity ratio of 1.70. If its return on equity is 13 percent, what is its net income? ~(Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) 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 6P
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Transcribed Image Text:Y3K, Inc., has sales of $6.259, total assets of
$2,875, and a debt-equity ratio of 1.70. If its
return on equity is 13 percent, what is its net
income? ~(Do not round intermediate
calculations and round your final answer to
2 decimal places, e.g., 32.16.) Net income $
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