Question
Y3K, Inc., has sales of $7,525, total assets of $3,550, and a debt-equity ratio of .39. Assume the return on equity is 20 percent. Required:
Y3K, Inc., has sales of $7,525, total assets of $3,550, and a debt-equity ratio of .39. Assume the return on equity is 20 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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