A company has sales of $1,500, total assets of $900, and a debt ratio of 0.35. If its return on equity (ROE) is 18%, what is its net income? a) $105.30 b) $94.50 c) $162.00 d) $85.80 e) None of the above
A company has sales of $1,500, total assets of $900, and a debt ratio of 0.35. If its return on equity (ROE) is 18%, what is its net income? a) $105.30 b) $94.50 c) $162.00 d) $85.80 e) None of the above
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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Transcribed Image Text:A company has sales of $1,500, total assets of $900, and a debt ratio
of 0.35. If its return on equity (ROE) is 18%, what is its net income?
a) $105.30
b) $94.50
c) $162.00
d) $85.80
e) None of the above
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