问题
单项选择题
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（）
A. $ 40000.
B. $ 36000.
C. $ 360000.
答案
参考答案：A
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.