单选题
What is the net income of a firm that has a return on equity of 12 percent, an equity muhiplier of 1.5, an asset turnover of 2, and revenue of $1 million?
【正确答案】
A
【答案解析】The traditional DuPont system is given as:
ROE = ( net profit margin) ( asset turnover) ( equity multiplier)
Solving for the net profit margin yields:
0.12=(net profit margin)×(2)×(1.5)
0.04 = ( net profit margin)
Recognizing that the net profit margm is equal to net income/revenue we can substitute that relationship into the above equation and solve for net income.
0.04 = net income/revenue = net income/$1000000
$ 40000 = net income.