taylor inc has sales of $13,743. total assets of$8,999 and a debt/equity ratio of 0.55. if...

Question

Question

taylor inc has sales of $13,743. total assets of$8,999 and a debt/equity ratio of 0.55. if its return on equity is 17 percent what is its net income

business finance

Answer 1

Answer #1

Net income = [$8,999 / (1 + 0.55)] × 0.17

Net income = $986.99

Answer 2

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