A Adam S New member Feb 9, 2011 #1 Y3K, Inc., has sales of $7,545, total assets of $3,560, and a debt-equity ratio of 0.41. Assume the return on equity is 15 percent. Required: What is its net income? This problem has had me stumped for awhile now.
Y3K, Inc., has sales of $7,545, total assets of $3,560, and a debt-equity ratio of 0.41. Assume the return on equity is 15 percent. Required: What is its net income? This problem has had me stumped for awhile now.
