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    Romee's Avatar
    Romee Posts: 5, Reputation: 1
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    #1

    Oct 25, 2009, 04:44 PM
    Dupont and Net Income
    Ebersoll Mining has $6 million in sales, its ROE is 12%, and its total assets turnover is
    3.2x. The company is 50% equity financed. What is its net income? Any help is greatly appreciated.
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
    Uber Member
    		  
    #2

    Oct 25, 2009, 08:53 PM

    You need to write out all the equations used here (and include the accounting equation). Fill in what you have, and the answers to them. Then work backwards to get to what you don't know. Each time you get something, plug it in anywhere else it's used.

    You need to have those equations sitting in front of you so that you can see what you've got versus what you don't have.
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