Debt–equity ratio-what is its net income

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Y3K, Inc., has sales of $6,309, total assets of $2,925, and a debt–equity ratio of 1.60. If its return on equity is 11 percent, what is its net income? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Reference no: EM13927784

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Debt–equity ratio-what is its net income : Y3K, Inc., has sales of $6,309, total assets of $2,925, and a debt–equity ratio of 1.60. If its return on equity is 11 percent, what is its net income?

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