YY Inc., has sales of $3,000, total assets of $1,200, and a debtequity ratio of 1.50. If

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YY Inc., has sales of $3,000, total assets of $1,200, and a debt–equity ratio of 1.50. If its return on equity is 20 percent, what is its net income?

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Principles of Finance

ISBN: 978-1111527365

5th edition

Authors: Scott Besley, Eugene F. Brigham

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Posted Date: Jun 21, 2023 07:25 AM

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YY Inc., has sales of $3,000, total assets of $1,200, and a debtequity ratio of 1.50. If

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To find the net income of YY Inc we need to calculate the equity of the company first Given Sal... View the full answer

Principles of Finance

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