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Question 7: A A Hong Kong firm has a debt-equity ratio of 66 %, a total asset turnover of 1.42, and a profit margin of

Question 7:

A A Hong Kong firm has a debt-equity ratio of 66 %, a total asset turnover of 1.42, and a profit margin of 9.1 %. The total equity is $677,500. What is the amount of the net income?

B A Lahore firm has a net income of $36,000 which provides a 18% return on assets. The firm has a debt-equity ratio of .42. What is the return on equity?

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