Calculate the firm net income

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Problem 1. If Gwen, Inc. has an equity multiplier of 2, total asset turnover of 0.54, and a net profit margin of 8.25%. Calculate the return on assets (ROA). Enter percentages as decimals and round to 4 decimals.

Problem 2. Joe Strong Co. has sales of 12,000, total assets of 8,000, an equity multiplier of 2.1, an ROE of 8%. Calculate the firm's net income. Round to 2 decimals.

Reference no: EM132916692

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