Y3K, Inc., has sales of $9,310, total assets of $4,390, and a debt-equity ratio of .25. If

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Y3K, Inc., has sales of $9,310, total assets of $4,390, and a debt-equity ratio of .25. If its return on equity is 15 percent, what is its net income?

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Essentials of Corporate Finance

ISBN: 978-0078034756

8th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Feb 23, 2017 01:59 AM

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Y3K, Inc., has sales of $9,310, total assets of $4,390, and a debt-equity ratio of .25. If

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