IHOP Inc. has total assets of $743.00 million, total debt of $443.00 million, and net sales...
IHOP Inc. has total assets of $743.00 million, total debt of $443.00 million, and net sales of $288.00 million in the past year. Its net profit margin for the past year is 8.00%, while the operating profit margin is 16.00%.
What is IHOP’s net income for the past year?
(Answer in terms of millions, 1,000,000 would be 1.00)
Homework Answers
Net Sales(Revenue)=288 Mn
Net profit margin=8%
Net Profit margin=Net Profit/Revenue
Net Profit=Net profit margin*Revenu
=8%*288
=$23.04 Mn
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IHOP Inc. has total assets of $743.00 million, total debt of
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