The Medicine Shoppe has a return on equity of 19.2 percent,a profit margin of 11.6 percent,and total equity of $738,000.What is the net income?
A)$85,608
B)$113,875
C)$141,696
D)$146,542
E)$149,897

Name: The Medicine Shoppe has a return on equity of 19.2 percent,a profit margin of 11.6 percent,and total equity of $738,000.What is the net income? A)$85,608 B)$113,875 C)$141,696 D)$146,542 E)$149,897
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Question

Quizplus · Accepted Answer

Net income = 0.192 × $738,000 = $141,696

The Medicine Shoppe Has a Return on Equity of 19