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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)
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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

User ESV
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2 Answers

2 votes
C)986 is the correct answer I believe
User RiskTech
by
6.6k points
4 votes
The answer is C. 986, hope this helps.
User Ltebean
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