Determine the firm''s net income

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Reference no: EM139909

Q1. Saunders, Inc., has a ROE of 18.7 percent, an equity multiplier of 2.53, sales of $2.75 million, and a total assets turnover of 2.7 times. What is the firm's net income?

a.$75,281.80
b.$514,250.00
c.$51,425.00
d.,528.10

Q2. Sorenstam Corp has an equity multiplier of 2.34 times, total assets of $4,512,895, a ROE of 17.5 percent, and a total assets turnover of 3.1 times. Calculate the firm's ROA.

a.23%
b.53%
c.48%
d.79%

Reference no: EM139909

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