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

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
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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
Transcribed Image Text: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
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