Fraud Examination
6th Edition
ISBN: 9781337619677
Author: Albrecht, W. Steve, Chad O., Conan C., Zimbelman, Mark F.
Publisher: Cengage,
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Accounting question answer
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A firm has sales of $1,000, total assets of $600, and a debt
ratio of 0.40. If its return on equity (ROE) is 20%, what is its
net income?
a) $50
b) $72
c) $80
d) $120
e) None of the above
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