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A firm has a return on equity of 23 percent. the total asset turnover is 3.1 and the profit margin is 5 percent. the total equity is $6,200. what is the amount of the net income?
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A firm has a return on equity of 23 percent. the total asset turnover is 3.1 and the profit margin is 5 percent. the total equity is $6,200. what is the amount of the net income?

User Evi Song
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1 Answer

4 votes
Hi there

Net income
0.23×6,200=1,426

Hope it helps
User Anmol Gupta
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