Questions : 9 Profitability Ratios A firm has net income of $368,400, total assets of...
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Questions : 9 Profitability Ratios A firm has net income of $368,400, total assets of $23.946 million, and an equity multiplier of 1.6. What is the return on equity? 14 Questions : 10 Profitability Ratios A firm has sales of $12,600, total assets of $8,100, and a debt-equity ratio of 0.80. The return on equity is 14%. What is the net income? Here are some formula hints. ROE Net income Total equity TD=TA - TE TA- TE Debt - equity ratio TE = 15
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