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Financial Forensics · Quiz 2 · 2 Apr 2023 · January 2023 term · Set QPE2

Question 1: A firm has a return on equity of 25 percent. The total as…

Question 1

+1 markOne correct option

A firm has a return on equity of 25 percent. The total asset turnover is 2.4 and the profit margin is 8 percent. The total equity is ₹ 4,100. What is the net income?

  1. A

    ₹ 2,460

  2. B

    ₹ 787

  3. C

    ₹ 427

  4. D

    ₹ 1,025

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Correct answer

  • D

    ₹ 1,025

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Question 1 of 25 in the IIT Madras BS Financial Forensics (Financial Forensics) Quiz 2 paper sat on 2 Apr 2023, in the January 2023 term (IIT M DEGREE AN3 EXAM QPE3 02 Apr 2023). It carries 1 mark.

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