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The firms debt ratio was 40 sales were 25 million and the

Analysis Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.0%.

The firm's debt ratio was 40%, sales were $25 million, and the capital intensity ratio was .75 times.

What is the net income for PJ's last year? (Do not round intermediate steps.)

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Managerial Accounting: The firms debt ratio was 40 sales were 25 million and the

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Managerial Accounting: The firms debt ratio was 40 sales were 25 million and the

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