Question
Y3K, Inc., has sales of $7,405, total assets of $3,490, and a debtequity ratio of .27. Assume the return on equity is 18 percent. What
Y3K, Inc., has sales of $7,405, total assets of $3,490, and a debtequity ratio of .27. Assume the return on equity is 18 percent. What is the company's equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Equity multiplier times What is the company's total asset turnover? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total asset turnover times What is the company's 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 the company's net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Please explain as well! :) Thanks!
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