Determining firm-s net income, Accounting Basics

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Determining firm-s net income

1) ABC, Inc., has ROE of 18.7%, equity multiplier of 2.53, sales of $2.75 million, and total assets turnover of 2.7 times. Determine firm's net income?

a. $75,281.80

b. $514,250.00

c. $51,425.00

d. 528.10

2) Sorenstam Corp has the equity multiplier of 2.34 times, total assets of= $4,512,895, ROE of 17.5%, and total assets turnover of 3.1 times. Compute firm's ROA.

a. 23%

b. 53%

c. 48%

d. 79%

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Accounting Basics: Determining firm-s net income

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Accounting Basics: Determining firm-s net income

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