FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Archware Systems has total assets of $35.594
billion, a total debt of $9.678 billion, and net
sales of $23.840 billion. Their net profit margin
for the year was 0.17, while the operating
profit margin was 30 percent. What is
Archware's net income?
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Transcribed Image Text:Archware Systems has total assets of $35.594 billion, a total debt of $9.678 billion, and net sales of $23.840 billion. Their net profit margin for the year was 0.17, while the operating profit margin was 30 percent. What is Archware's net income?
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