EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 19PROB
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Problem 6 (DuPont and Net Income)

Mindanao Mining has P6 million in sales; its ROE is 12%, and its total assets. turnover is 3.2 x. The company is 50% equity financed, and it has no preferred stock outstanding. What is its net income?

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