A firm has a return on equity of 21 percent the total asset


A firm has a return on equity of 21 percent. The total asset turnover is 2.9 and the profit margin is 8 percent. The total equity is $8,000. What is the amount of the net income?

$640

$1,680

$4,872

$579

$1,856

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Financial Management: A firm has a return on equity of 21 percent the total asset
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