Clark_Kent
Sep 2, 2008, 06:11 AM
Hello. I’m having great difficulty navigating my way through these last two problems on my homework assignment. I feel as though there is insufficient information to solve this problem or I may be completely off base. I’m not even sure where to begin. Can someone please give me some direction to help me solve these problems? Thank you for your time.
Timesless Tycoons, Inc. had an equity multiplier that was 1.8 times. Their total asset turnover was 0.76 times and their profit margin was 12% for CY.
Their ROE for CY was____%.
4EM, Inc. has Sales of $1,900,000, total assets of $1,460,000, and a Debt-to-Equity ratio of 1.0.; If its ROE is 18% then its net income is $________.
Timesless Tycoons, Inc. had an equity multiplier that was 1.8 times. Their total asset turnover was 0.76 times and their profit margin was 12% for CY.
Their ROE for CY was____%.
4EM, Inc. has Sales of $1,900,000, total assets of $1,460,000, and a Debt-to-Equity ratio of 1.0.; If its ROE is 18% then its net income is $________.