The firms debt ratio was 38 sales were 27 million and the


Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.2%. The firm's debt ratio was 38%, sales were $27 million, and the capital intensity ratio was .77 times. What is the net income for PJ's last year?

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Finance Basics: The firms debt ratio was 38 sales were 27 million and the
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