Multiple Choice
A firm has a return on equity of 15%. The debt-equity ratio is 50%. The total asset turnover is 1.25 and the profit margin is 8%. The total equity is $3,200. What is the amount of the net income?
A) $480
B) $500
C) $540
D) $600
E) $620
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Which is a more meaningful measure of
Q98: Fleur International had a 3% profit margin
Q99: The equity multiplier ratio is measured as
Q100: One of the primary weaknesses of many
Q101: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2359/.jpg" alt=" What
Q102: Which one of the following statements is
Q105: The sustainable growth rate:<br>A) assumes there is
Q106: Projected future financial statements are called:<br>A) plug
Q107: A firm has 5,000 shares of stock
Q108: A _ standardizes items on the income