Dupont and net income precious

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DuPONT AND NET INCOME Precious Metal Mining has $7 million in sales, its ROE is 11%, and its total assets turnover is 4x. Common equity on the firm’s balance sheet is 40% of its total assets. What is its net income? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent. Do not round intermediate steps.

Reference no: EM131444306

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Dupont and net income precious : DuPONT AND NET INCOME Precious Metal Mining has $7 million in sales, its ROE is 11%, and its total assets turnover is 4x. Common equity on the firm’s balance sheet is 40% of its total assets. What is its net income? Write out your answer completely. ..

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