Question

DuPONT AND NET INCOME Precious Metal Mining has $15 million in sales, its ROE is 17%, and its total assets turnover is 2.5x. Common equity on the firms balance sheet is 55% of its total assets. What is its net income? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent. Do not round intermediate steps.

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Answer #1

asset tnnoven9.5 -sale total asset 0,0025 2.5 33,00,000 . tota veta.come 33,00,000 丨3./. Net ancone 23,00,000 x17

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