Determining the net income


Problem:

Archware Systems has total assets of $35.594 billion, total debt of $9.678 billion, and net sales of $23.630 billion. Their net profit margin for the year was 0.25, while the operating profit margin was 30 percent.

Required:

Question: What is Archware's net income?

Note: Please explain comprehensively and give step by step solution.

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Finance Basics: Determining the net income
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