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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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