Question: principles of finance chapter 3 please help solve and explain steps Last year, PJ's Ice Cream Parlours, Incorporated reported an ROE=12 percent. The firm's debt

principles of finance chapter 3 please help solve and explain steps

Last year, PJ's Ice Cream Parlours, Incorporated reported an ROE=12 percent. The firm's debt ratio was 40 percent, sales were $25 million, and the capital intensity ratio was 0.75 times. What is the net income for PJ's last year? Multiple Choice $18.75 million $3.00 million $2.40 million $1.35 million

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