Answered: Zeta Technologies has total sales of…

Zeta Technologies has total sales of $8.520 million, total assets of $4,200 million, and a debt- equity ratio of 1.80. If its return on equity (ROE) is 15 percent, what is its 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 5P: Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are...

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Question

What is it's net income for this financial accounting question?

Zeta Technologies has total sales of $8.520
million, total assets of $4,200 million, and a debt-
equity ratio of 1.80. If its return on equity (ROE)
is 15 percent, what is its net income?

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