Ebersoll Mining has $6 million in sales, its ROE is 12%, and its total assets turnover is

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Ebersoll Mining has $6 million in sales, its ROE is 12%, and its total assets turnover is 3.2×. The company is 50% equity financed. What is its net income?

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Fundamentals of Financial Management

ISBN: 978-0324664553

Concise 6th Edition

Authors: Eugene F. Brigham, Joel F. Houston

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Question Posted: Oct 05, 2011 09:47 AM

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Ebersoll Mining has $6 million in sales, its ROE is 12%, and its total assets turnover is

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Fundamentals of Financial Management

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