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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?

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)
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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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?
Transcribed Image Text: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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