Question
1. If Harley, Inc., has an equity multiplier of 1.56, total asset turnover of 1.7 and a profit margin of 6.6 percent, what is its
1. If Harley, Inc., has an equity multiplier of 1.56, total asset turnover of 1.7 and a profit margin of 6.6 percent, what is its ROE? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16)
ROE
2. Y3K, Inc., has sales of $6,349, total assets of $2,965, and a debt-equity ratio of 1.2. If its return on equity is 15 percent, what is its net income? ( Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16)
Net Income $
3. Quinn Company has a debt-equity ratio of .8 Return on assets is 8.7 percent, and total equity is $515,000.
What is the equity multiplier? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16)
Equity multiplier
What is the return on equity?( Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
What is the net income? ( Do not round intermediate calculations.)
Net Income $
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