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linda_us, Master's Degree
Category: Multiple Problems
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The Medicine Shoppe has a return on equity of 19.2 percent,

Customer Question

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?
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Submitted: 1 year ago.
Category: Multiple Problems
Expert:  linda_us replied 1 year ago.
Welcome to the site. Net Income = ROE X Total Equity = 19.2% x 738000 = 141696

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