The KU dairy limited (KUD) has sales of 500,000, total assets of 3 million, and a...

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The KU dairy limited (KUD) has sales of 500,000, total assets of 3 million, and a...

The KU dairy limited (KUD) has sales of 500,000, total assets of 3 million, and a debt equity ratio of 1.40. If its return on equity is 15%. Calculate its net income

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Answer 1

Answer #1

Solution: Debt to equity ratio=(Total assets-total equity)/Total equity let the equity be a 1.4=(3000000-a)/a 1.4a=3000000-

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Answer 2

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The KU dairy limited (KUD) has sales of 500,000, total assets of 3 million, and a...

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