El chip 3 Homework https omework Y3K Inc has sales of 6319

El chip 3 Homework × ? https:/ omework Y3K. Inc. has sales of $6,319, total assets or $ 2935, and a debt-equity ratio of 1.3. If its return on equity is 14 percent, what is its net income? (Do not round Intermediete calculetions and round your answer to2 Net Income

Solution

Total Assets: 2935 Debit equity ratio 1.3 Equity amount 1276.087 (2935/2.3) Return on equity 14% Net Income 178.65 Net Income is $ 178.65