Total assets = $560,000, debt-equity ratio = 0.54, profit margin = 6.70%, return on equity =...

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Answer 1

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Answer:

D/E = 0.54

D+E = 560000

1.54E = 560000

E = 560000/1.54 = 363636.3636

Net inome/Equity = 14.6%

Net income = 53090.91

Profit margin = Net income/Sales

Sales = 53090.91/6.7%

= 792401.63

OptionG - 792401.63

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Answer 2

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