Debt–equity ratio and return on equity

Assignment Help Financial Management

Reference no: EM13925393

Y3K, Inc., has sales of $6,279, total assets of $2,895, and a debt–equity ratio of 1.90. If its return on equity is 13 percent, what is its net income? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)

Net income $

Reference no: EM13925393

Questions Cloud

Financial department of delphi consolidated industries : The financial department of Delphi Consolidated Industries (DCI) is just starting a 2-week retreat in the Canadian wilderness. The president of DCI has been approached by an investment banker who has acquired $1,000,000 in DCI bonds in one of his dea..

Calculate stream of expenses possible with assumed income : Using a hypothetical situation, make calculations to assist in retirement planning (e.g., determine stream of savings necessary for certain standard of retirement). Calculate the stream of expenses possible with the assumed income.

Proprietorship and changing to a corporation : Jumpin-JehoSaphats is owned by Jessica Jean (JJ) Sap hats. Jessica wants to incorporate her business but is not sure of the differences between the current form of sole proprietorship and changing to a corporation.

An investment is expected to provide cash inflows : An investment is expected to provide cash inflows of $100,000 at the end of each of the next six years. What is the market value of the investment using a discount rate of 12%, rounded to the nearest dollar?

Debt–equity ratio and return on equity : Y3K, Inc., has sales of $6,279, total assets of $2,895, and a debt–equity ratio of 1.90. If its return on equity is 13 percent, what is its net income?

Briefly explain how change in the personal income tax : Briefly explain how change in the personal income tax rate affects aggregate demand.

Equity multiplier and profit margin : If Roten Rooters, Inc., has an equity multiplier of 1.65, total asset turnover of 1.70, and a profit margin of 4.5 percent, what is its ROE?

The internal organization: resources : Reading(s) Chapter 3: The Internal Organization: Resources, Capabilities, Core Competencies, and Competitive Advantages

What is the certainty equivalent : Project Alpha offers the following net cash flows following an initial (year 0) certain outlay (NINV) of $70,000: Year Net cash flows 1 $30,000 2 $30,000 3 $30,000 4 $20,000 5 $20,000 6 $10,000 Year -Certainty Equivalent Factor 1- 0.91 2- 0.79 3- 0.6..

User Account

All Pages