(Answered) Recreational supplies co has net sales of 12430000 an roe

Management Studies

Recreational Supplies Co. has net sales of $12,430,000, an ROE of 17.00 percent, and a total asset turnover of 2.44 times. If the firm has a debt-to-equity ratio of 1.25, what is the company's net income? (round intermediate calculations to 2 decimals and round answer to 2 decimal places , e.g. 12.25.)

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