01 415 16 17 18 19 2 a Moving to the next question prevents changes to this answ

Question

01 415 16 17 18 19 2 a Moving to the next question prevents changes to this answer Question 17 DTZ Trading, Inc., has the following financial information: Net Sales: $20,000,000 Assets: $15,750,000 Debt: $6,500,000 Net Profit Margin: 5% Using this information, calculate the firm's Net Income. NOTE: Enter your answer in whole numbers, without using the $ sign. NO decimals For example, if your answer is 3,750,000, make sure you enter exactly 3,750,000 Moving to the next question prevents changes to this answer.

Explanation / Answer

CALCULATION OF THE NET INCOME OF THE DTZ TRADING INCORPORATION Net sales = $         2,00,00,000 Net Margin is 5% So Net income = $ 20,000,000 X 5% = $            10,00,000 Answer = Net income = $ 1,000,000

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