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1. DuPONT AND NET INCOME

Precious Metal Mining has $15 million in sales, its ROE is 16%, and its total assets turnover is 3.2x. Common equity on the firm’s balance sheet is 65% 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. M/B AND SHARE PRICE

You are given the following information: Stockholders' equity as reported on the firm’s balance sheet = $5 billion, price/earnings ratio = 13, common shares outstanding = 38 million, and market/book ratio = 1.5. Calculate the price of a share of the company's common stock. Round your answer to the nearest cent.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92792386

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