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MNC Inc. has sales of $14m in 2018. Its ROE was 15% with a total asset...

MNC Inc. has sales of $14m in 2018. Its ROE was 15% with a total asset turnover of 3.5X. Its Debt/Equity ratio is 2/3. Find its Net Income:

Select one:

a. $720,000

b. None of the Above

c. $300,000

d. $420,000

e. $360,000

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Answer #1

Sales (a) Tonove1,000,000 Total asssets 3 3.S Total assels :メ41,000,000 Debt 2 Debt 2 otal assels -Debt) Equitg 49,000,000.17, с 00,000 : 21, 40o,0o o ROE Net Iwcome etuity $441o,00 SNon of thr above arr Correct

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