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QUESTION
DuPont Analysis Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12. The firm's debt ratio was 46%, sales were $39 million, and the capital...
21. DuPont Analysis Last year, PJ's Ice Cream Parlors, Inc. reported an ROE = 12.4%. The firm's debt ratio was 46%, sales were $39 million, and the capital intensity ratio was .89 times. What is the net income for PJ's last year? (Do not round intermediate steps.)
