Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.3%. The firm's debt ratio was

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Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.3%. The firm's debt ratio was 47%, sales were $38 million, and the capital intensity ratio was .88 times. What is the net income for PJ's last year? (Do not round intermediate steps.)

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Fundamentals of Advanced Accounting

ISBN: 978-1259722639

7th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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Posted Date: Jan 14, 2021 09:26 AM

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Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.3%. The firm's debt ratio was

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Fundamentals of Advanced Accounting

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