Question

A firm has a return on equity of 17 percent The total asset turnover is 2.5 and the profit margin is 9 percent. The total equity is $5,800. What is the net income?

a) $1305
b) $2,465
c) $986
d) $522
e) $394

Answer 1

C)986 is the correct answer I believe

Answer 2

The answer is C. 986, hope this helps.