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    Allegro1952's Avatar
    Allegro1952 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 22, 2012, 09:18 AM
    how to figure net income and du pont
    Trying to figure out what the gross profit or cost production is for this problem... unsure on how to solve it?

    Ebersoll Mining:
    Has $6 million in sales
    ROE is 12%
    Total assets turnover is 3.2x
    The company is 50% equity financed
    What is the net income?
    ArcSine's Avatar
    ArcSine Posts: 969, Reputation: 106
    Senior Member
    		  
    #2

    Jun 22, 2012, 12:39 PM
    Sales and the Assets Turnover amounts will give you Total Assets.

    Total Assets and the "equity financing" percentage will give you Equity.

    Equity and ROE give you Net Income.
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