Homework Answers
Net income = Sales * Net profit margin = $157,000,000 * 5.1% = $8,007,000
Equity multiplier = Total assets / Total equity
3.49 = $109,000,000 / Total equity
Total equity = $109,000,000 / 3.49
Total equity = $31,232,092
Return on equity = Net income / Total equity = $8,007,000 / 31,232,092 = 25.6%
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Question 7. (5 points total) (DuPo nt analysis) Bryley, Inc. earned...
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