Question
3K, Inc., has sales of $7,565, total assets of $3,570, and a debt-equity ratio of .43. Assume the return on equity is 13 percent. Required:
3K, Inc., has sales of $7,565, total assets of $3,570, and a debt-equity ratio of .43. Assume the return on equity is 13 percent.
Required: |
What is its equity multiplier? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Equity multiplier | times |
What is its total asset turnover? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Total asset turnover | times |
What is its profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).) |
Profit margin | % |
What is its net income? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Net income | $ |
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