1. Precious Metal Mining has $18 million in sales, its ROE is 13%, and its total assets turnover is 4x. Common equity on the firm’s balance sheet is 75% of its total assets. What is its net income? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest cent. Do not round intermediate steps.
2. 0.5 points eBook Print References Check my work Check My Work button is now enabled 3 Item 4 Item 4 0.5 points The following estimates have been prepared for a project: Fixed costs: $3,600 Depreciation: $2,400 Sales price per unit: $2 Accounting break-even: 24,000 units What must be the variable cost per unit? (Round your answer to 2 decimal places.)