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Sandwiches-To-Go Has a Return on Equity of 12 % and a Debt-Equity

Question 72

Multiple Choice

Sandwiches-To-Go has a return on equity of 12 % and a debt-equity ratio of .40. The total asset turnover is 1.63 and the profit margin is 5 %. The total equity is $21,400. What is the amount of the
Net income?


A) $2,568
B) $3,819
C) $4,186
D) $6,283
E) $6,420

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