Homework Answers
Debt to Equity Ratio = 0.7
Return on Assets = 7%
Equity = $481,000
So,
Total Debt = Equity * debt to equity ratio
Total Debt = 481000 * 0.7
Debt = $336,700
Total Assets = Debt + Equity
Total Assets = 336700 + 481000
Total Assets = $817,700
Net Profit = ROA * Total Assets
Net Profit = 0.07 * 817700
Net Profit = $57,239
Equity Multiplier = Total Assets/Total Equity
Equity Multiplier = 817700/481000
Equity Multiplier = 1.7
Return on Equity = Net Profit/Equity
Return on Equity = 57239/481000
Return on Equity = 11.9%
Net Income = $57,239
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