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1) ABC, Inc., has ROE of 18.7 percent, the equity multiplier of 2.53, sales of $2.75 million, and a total assets turnover of 2.7 times. Compute the firm’s net income?

a. $75,281.80
b. $514,250.00
c. $51,425.00
d. $528.10

2) XYZ Corp has the equity multiplier of 2.34 times, total assets of $4,512,895, a ROE of 17.5 percent, and a total assets turnover of 3.1 times. Compute the firm’s ROA.

a. 23%
 b. 53%
c. 48%
d. 79%

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M99653

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