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Y3K, Inc., has sales of $5,783, total assets of $2,604, and a debt-equity ratio of .75. If its return on equity is 11 percent, what is its net income? Total assets Sales Debt-equity ratio Return on equity 2,604 5,783 0.75 11% Complete the following analysis. Do not hard code values in your calculations. Profit margin Net income

I am required to solve this by entering the solution into Excel. I know the answer, but it keeps telling me it's incorrect. Please help!!

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Answer #1

The answer has been presented in the supporting sheet with explanation. Net profit is $ 163.68 and profit margin is 2.83%. For detailed answer refer the supporting sheet.

e the t Let equitybe 35 Total usbum qity isbii 15 Total lisbii 1:75 148요 오X 163:63 ユ 2.83

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