Calculate the net profit generated by Cabaye Inc.if it obtains a return of 12% from the owner's equity amounting to $675 million.
A)$118 million
B)$8.1 million
C)$562 million
D)$5.6 billion
E)$81 million

Question

Quizplus · Accepted Answer

To calculate net profit, we need to multiply the owner's equity by the return percentage:
$675 million x 0.12 = $81 million
Therefore, the net profit generated by Cabaye Inc. is $81 million.

Calculate the Net Profit Generated by Cabaye Inc