Question: Does someone know how to do this problem? Will rate a thumb up if correct, thanks so much! 2. The following ratios relate to TBC
Does someone know how to do this problem?
Will rate a thumb up if correct, thanks so much!


2. The following ratios relate to TBC Co. for 2020: Return on equity Net profit margin Total assets Total equity 20% 5% $2,000 $500 What was the company's 2020 net income after tax? $ BVC Co. BVC Co. Balance Sheet As of 12/31/20 Income Statement For the year ended 12/31/20 135 165 4,000 3,000 1,000 700 100 400 Sales Cost of goods sold Gross profit Operating expense Depreciation Total op exps EBIT 125 Cash Accounts receivable Inventory Current assets Accounts payable Revolving credit facility Current liabilities Working capital Net fixed assets Total assets 100 75 800 200 200 50 200 800 1,000 Interest NIBT 150 50 Income tax NIAT 100 400 Debt Equity Total capital 600 1,000
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