Teolon Inc. has sales of $18 M total assets of $ 15.6 M, and a total debt

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Teolon Inc. has sales of $18 M total assets of $ 15.6 M, and a total debt of $ 6.3 M. If the profit is 8%.

What is net income?

What is ROA?

What is ROE?

Related Book For answer-question

Entrepreneurial Finance

ISBN: 978-0538478151

4th edition

Authors: J . chris leach, Ronald w. melicher

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Posted Date: Jul 22, 2023 04:29 AM

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Teolon Inc. has sales of $18 M total assets of $ 15.6 M, and a total debt

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Expert Answer:

To calculate net income we need to use the profit margin formula which is Net Income Sales Profit Ma... View the full answer

Entrepreneurial Finance

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