Use the Dupont identity to solve the following. The ABC Inc. has sales of $10,500, total assets of $4600, and equity multiplier of 1.2. If its ROE is 14%, what comes closest to its ne income? 0 0 0 0 398 644 773 875 537

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
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Use the Dupont identity to solve the following. The ABC Inc. has sales of $10,500, total assets of $4600, and equity multiplier of 1.2. If its ROE is 14%, what comes closest to its net
income?
398
644
773
875
537
Transcribed Image Text:Use the Dupont identity to solve the following. The ABC Inc. has sales of $10,500, total assets of $4600, and equity multiplier of 1.2. If its ROE is 14%, what comes closest to its net income? 398 644 773 875 537
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