aps Book Precious Metal Mining has $8 million in sales, its ROE is 10%, and...
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Accounting
aps Book Precious Metal Mining has $8 million in sales, its ROE is 10%, and its total assets turnover is 3.2x. Common equity on the firm's balance sheet is 45% 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. Do not round intermediate calculations. Round your answer to the nearest cent. IPS $
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