Organic Chicken Company has a debt-equity ratio of .65. Return on assets is 8.5 percent, and total equity is $540,000. what is the net income ?plzzzzzzzzzzzz
To calculate the net income of Organic Chicken Company, we need additional information. The debt-equity ratio and return on assets figures alone are insufficient.
Net income is usually calculated as a percentage of total revenue, using the profit margin formula. However, without revenue figures or any other relevant information, it is not possible to determine the net income directly.
If you have access to the financial statements or know the company's revenue, we can proceed with the calculation. Please provide the revenue or any additional relevant information to assist you further.