Zentron Co. has sales of $5,000, total assets of $3,600, and a debt-equity ratio of 1.25. If its return on equity (ROE) is 12%, is it possible to determine the net income?

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 79E: Ratio Analysis MJO Inc. has the following stockholders equity section of the balance sheet: On the...
icon
Related questions
Question

I need correct solution general accounting question and not use chart gpt

Zentron Co. has sales of $5,000,
total assets of $3,600, and a
debt-equity ratio of 1.25. If its
return on equity (ROE) is 12%, is
it possible to determine the net
income?
Transcribed Image Text:Zentron Co. has sales of $5,000, total assets of $3,600, and a debt-equity ratio of 1.25. If its return on equity (ROE) is 12%, is it possible to determine the net income?
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning