Sandwiches-To-Go Has a Return on Equity of 12 % and a Debt-Equity

question 72

Multiple Choice

Sandwiches-To-Go has a return on equity of 12 % and a debt-equity ratio of .40. The total asset turnover is 1.63 and the profit margin is 5 %. The total equity is $21,400. What is the amount of the
Net income?

• A) $2,568
• B) $3,819
• C) $4,186
• D) $6,283
• E) $6,420

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Definitions:

Major Functions

The primary roles or activities that an organism, system, or mechanism is designed to perform.

Carbohydrates

Organic compounds, including sugars, starches, and fiber, which are a major source of energy for the body.

Energy Density

A measurement of the amount of energy (calories) in a particular weight or volume of food.

Fiber-Rich Diets

Eating plans focusing on foods high in dietary fiber, which can aid in digestion and improve heart health.