None World Exports has total assets of$938,280, a total asset turnover rate of1.18, a debt-equity ratio of 0.47, and areturn on equity of 18.7 percent. What isthe firm's net income?a. $119,359.43b. $88,303.33c. $104,624.14d. $121,548.09e. $92,236.67

Step 1: Define Net IncomeA company's net income is its remainder of revenue after business expenses…

Answered: World Exports has total assets of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ces Required: a. Firm D has net income of $91,936, sales of $1,436,500, and average total assets of $845,000. Calculate the firm's margin, turnover, and ROI. b. Firm E has fet income of $174,195, sales of $2,205,000, and ROI of 11.85%. Calculate the firm's turnover and average total assets. c. Firm F has ROI of 15.80%, average total assets of $1,880,000, and turnover of 0.8. Calculate the firm's sales, margin, and net income. Complete this question by entering your answers in the tabs below. Required A Required B Required C Firm E has net income of $174,195, sales of $2,205,000, and ROI of 11.85%. Calculate the firm's turnover and average total assets. Note: Do not round intermediate calculations. Round "Turnover" answer to 1 decimal place. Turnover Average total assets
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World Exports has total assets of $938,280, a total asset turnover rate of 1.18, a debt-equity ratio of 0.47, and a return on equity of 18.7 percent. What is the firm's net income? a. $119,359.43 b. $88,303.33 c. $104,624.14 d. $121,548.09 e. $92,236.67