World Exports has total assets of $955,250, a total asset turnover rate of 1.32, a debt-equity ratio of 0.49, and a return on equity of 19.3 percent. What is the firm's net income? (a) $123,733.72 (b) $138,303.33 (c) $104,624.14 (d) $121,548.09 (e) $122,236.67

World Exports has total assets of $955,250, a total asset turnover rate of 1.32, a debt-equity ratio of 0.49, and a return on equity of 19.3 percent. What is the firm's net income? (a) $123,733.72 (b) $138,303.33 (c) $104,624.14 (d) $121,548.09 (e) $122,236.67

Financial Reporting, Financial Statement Analysis and Valuation

8th Edition

ISBN:9781285190907

Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

Chapter11: Risk-adjusted Expected Rates Of Return And The Dividends Valuation Approach

Section: Chapter Questions

Problem 11PC: Whirlpool manufactures and sells home appliances under various brand names. IBM develops and...

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Question

What is the firm's net income?

World Exports has total assets of $955,250, a total asset
turnover rate of 1.32, a debt-equity ratio of 0.49, and a
return on equity of 19.3 percent. What is the firm's net
income?
(a) $123,733.72
(b) $138,303.33
(c) $104,624.14
(d) $121,548.09
(e) $122,236.67

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