Mike's Diner has total assets of $200,000, a debt-equity ratio of 0.75, and a net income of $18,000. What is the return on equity (ROE)? a) 12.86 percent b) 14.50 percent c) 15.75 percent d) 16.25 percent e) 13.75 percent
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- What is the net income? General accountingAssume you are given the following relationships for the Haslam Corporation:Sales/total assets 1.2Return on assets (ROA) 4%Return on equity (ROE) 7%Calculate Haslam’s profit margin and liabilities-to-assets ratio. Suppose half its liabilities are in the form of debt. Calculate the debt-to-assets ratio.General Accounting
- Mike's Place has total assets of S 1 52,080, a debt-equity ratio of .62, and net income of S14,342 What is the return on equity?Assume you are given the following relationships for the Haslam Corporation: Sales/total assets 1.9 Return on assets (ROA) 3% Return on equity (ROE) 5% Calculate Haslam's profit margin and liabilities-to-assets ratio. Do not round intermediate calculations. Round your answers to two decimal places. Profit margin: % Liabilities-to-assets ratio: % Suppose half of its liabilities are in the form of debt. Calculate the debt-to-assets ratio. Do not round intermediate calculations. Round your answer to two decimal places.Pickler Company has a debt-equity ratio of 1.39. Return on assets is 7.64 percent, and total equity is $695,000. a. What is the equity multiplier? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the net Income?
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