Answer:
Xebec Chemicals
The Takt time in seconds is:
= 90 seconds.
Explanation:
a) Data and Calculations:
Customers' demand per day = 270 units
Number of hours per shift every day = 8 hours
Total time per shift = 480 (60 * 8)
Coffee breaks = 30 minutes (15 * 2)
Meal and rest break = 45 minutes
Total break time per shift = 75 minutes
Net time available for work per shift = 405 (480 - 75)
Takt time = Net time available for work per shift day/Customers' daily demand
= 405/270
= 1.5 minutes
= 90 seconds (1.5 * 60)
which one between vodacom and MTN can be considered as price leader in South Africa
Answer:
quulthhj
Explanation:hhh
Cheater
BHjjhf
Assume , and suppose that is initially equal to 0. Suppose that the rate of unemployment is initially equal to the natural rate. In year , the authorities decide to bring the unemployment rate down to 3% and hold it there forever. b. Determine the rate of inflation in years , , , and . c. Do you believe the answer given in (b)
The question is incomplete. The complete question is :
Suppose that the Phillips curve is given by :
[tex]$\pi_t=\pi_t^e+0.1-2u_t$[/tex]
a). What is the natural rate of unemployment ?
Assuming [tex]$\pi_t^e=\theta \pi_{t-1}$[/tex] , and suppose that [tex]$\theta$[/tex] is initially equal to 0. Suppose that the rate of unemployment is initially equal to the natural rate. In year t, the authorities decide to bring the unemployment rate down to 3% and hold it there forever.
b). Determine the rate of inflation in years t, t+1, t+2 and t+5.
c). Do you believe the answer given in (b)? Why or why not?
Solution :
Given the equation :
[tex]$\pi_t=\pi_t^e+0.1-2u_t$[/tex]
a). At [tex]$u_N$[/tex], [tex]$\pi_t = \pi_t^e$[/tex] (Inflationary exponents are constant)
[tex]$0.1 = 2u_N$[/tex]
∴ [tex]$u_N=0.05$[/tex]
= 5%
b). [tex]$\pi t^e=\theta \pi_{t-1}$[/tex]
Let [tex]$\theta = 0$[/tex], then [tex]$\pi t^e = 0$[/tex], [tex]u-u_N=3\%[/tex]
Now for year t [tex]$\pi t^e=0, \pi_t= 0.1-2(0.03)=0.04=4\%$[/tex]
[tex]$(t+1) : \pi (t+1)^e=0, \pi (t+1) = \pi t = 4\%[/tex]
[tex]$= \pi (t+2)= \pi (t+5) = 4\%$[/tex]
c). No, I do not believe as
[tex]\pi t^e=0[/tex], but πt comes out to be 4%, [tex]$\pi (t+1)^e=0$[/tex] but [tex]\pi (t+1)= 4 \%[/tex].
If inflation is consistently positive, why to make the expectations of zero percentage.
Which of the following is an example of a positive economic statement? Question 19 options: a) Corrupt politicians ought to be voted out of office. b) An increase in the price of gasoline will cause a reduction in the amount of gasoline purchased. c) Marginal tax rates should be reduced for individuals in the highest tax bracket. d) Workers with families should be paid at least the minimum wage. e) If crime rates were reduced, the world would be a better place to live.
Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.
Required:
a. Assume that the tax rate on labor income, t, equals zero. Find the equation of the labor demand curve. Calculate the equilibrium levels of the real wage and employ- ment, the level of full-employment output, and the total after-tax wage income of workers.
b. Repeat part (a) under the assumption that the tax rate on labor income, t, equals 0.6.
Answer:
A) i) w/P = MPN , ( NS ) = 100[ (1-t) w]^2
ii) w = 1.5 , N = 225,
iii) y = 675 ,
iv) 337.5
B) i) ( NS ) = 100[(1-0.6)w]^2
ii) w = 2.372 , N = 90
iii) y = 426.91
iv) 85.839
Explanation:
Given data :
Production function ( y ) = 9k^0.5 N^0.5
MPN = 4.5k^0.5N^-0.5
capital stock ( K ) = 25
labor supply curve ( NS ) = 100[ (1-t) w]^2
assume P = 1
a) Determine
i) equation of labor demand curve = w/P = MPN
where; w = 22.5 N^-0.5 , N=506.25/(w^2)
labor supply curve ( NS ) = 100[ (1-t) w]^2
ii) equilibrium levels of real wage and employment
506.25/(w^2) = 100[(1-t)w]^2 ( equilibrium condition )
w ( equilibrium level of real wage ) = 1.5
equilibrium level of employment = 100[(1-t)w]^2 ; where t = 0 , w = 1.5
= 100 ( 1 * 1.5 )^2
N = 225
iii) level of full-employment y = 9k^0.5 N^0.5 ; where N = 225 , k = 25
= 9(25)^0.5 * (225)^0.5
y = 675
iv) Total after-tax wage income of workers
= w*N = ( 225 * 1.5 ) = 337.5
B) assuming t = 0.6
i) equation of labor demand curve
labor supply curve ( NS ) = 100[(1-0.6)w]^2 = 16 w^2
ii) equilibrium levels ; 16w^2 = 506.25/(w^2).
w( equilibrium real wage ) = 2.372
Equilibrium employment ( N )= 16 * ( 2.372 )^2 =90
iii) level of full employment y = 9k^0.5 * 90^0.5
= 9(25)^0.5 * 90^0.5 = 426.91
iv) Total after tax wage/income of workers
= (1-0.6)*2.372*90 = 85.839
Miguel works for an organization that collects books from donors and redistributes the books to schools to promote literacy and good reading habits. The company is funded by a government grant. Miguel works for a(n) ________.
Distribution decisions are complicated and involve the understanding of critical strategic factors that affect the policy and value of a firm. Thus, the management of any firm has to consider the constraints on dividend payments, the availability and cost of alternative sources of capital, and other external factors when they create and implement their distribution policy.
Consider the following restriction:
Restrictions on dividend payments based on the liquidity position of the firm. Based on your understanding of the constraints on dividend payments, identify the type of constraint this condition represents. Assume that all other factors are held constant.
Bond indenture
Penalty tax
Impairment of capital rule
Availability of cash
A company’s dividend policy can also be affected by factors internal to the organization and by the external (macroeconomic) environment in which the business operates. In the table that follows, identify which factors, in general, tend to favor high or low dividend payout ratios.
Factor
Favors a Favors a
High Payout Low Payout
A company has a large retained earnings balance on
its balance sheet but has very little cash and almost
no other liquid assets.
A company has an established credit line that it can
access when it needs an external source of funding.
A closely held firm has a majority of its shareholders
in high marginal tax brackets.
Having the ability to accelerate or delay projects makes it____for a firm to adhere to a stable dividend policy.
If management is concerned with keeping control of the company, it will be likely to retai_____earnings than it otherwise would to avoid diluting control by issuing new stock to raise capital.
Answer:
use your brain
Explanation:
try better than getting answer from online everything you read aint right
The annual demand of product Y is 1908 units. The ordering cost is $45 per order. Holding cost is $15 per unit per year. Calculate the annual ordering cost when the lot size (i.e., the fixed order quantity) is 67 units.
(Select the appropriate range in which your answer falls.]
a. More than 0 but less than or equal to 700
b. More than 700 but less than or equal to 850
c. More than 850 but less than or equal to 1000
d. More than 1000 but less than or equal to 1150
e. More than 1150
Answer:
Option E
The annual ordering cost is more than $1150
Explanation:
The ordering costs include all the clerical, administrative and transportation costs associated with placing an order.
Annual ordering cos = ordering cost per order × number of order
No of order = Annual demand/order quantity
= 1908/67= 28.47 orders
Annual ordering cost = 28.47× 45= $1281.49
Annual ordering cost =$1281.49
The annual ordering cost is more than $1150
Swifty Company has identified that the cost of a new computer will be $30000, but with the use of the new computer, net income will increase by $3000 a year. If depreciation expense is $1000 a year, the cash payback period is: 30.0 years. 10.0 years. 7.5 years. 15.0 years. Save for LaterAtte
Answer:
10.0 years
Explanation:
The computation of the payback period is shown below
We know that
Payback period = initial cost ÷ increase in net income
= $30,000 ÷ $3,000
= 10 years
As the depreciation expense is a non-cash expense so we dont considered it
Therefore the first option is correct
A reward or benefit meant to encourage economic behavior is
Answer:
incentives
Explanation:
Suppose that in the country of Sudland, when the yearly rate of economic growth fell from 3.0% to 1.5%, the yearly rate of increase in airborne pollutants fell from 6% to 5%. What is the average slope of a nonlinear curve between these points using the arc method
Answer:
2/3 0r 0.66667
Explanation:
we have to get which is the dependent variable and also the independent variable.
Δ in rate of economic growth causes Δ in the airborne pollutants. this tells us that airborne pollutants is dependent on the rate of economic growth.
change in economic growth = 1.5% - 3% = -1.5%
Δx = -1.5
the dependent vaiable is the y variable, that is the variable on the Y-axis.
ΔY = 5%-6% = 1%
from here we calculate the average slope
Δy/Δx = -1/-1.5
= 1/1.5
this is also equivalent to 2/3 or 0.66667
Assume you purchase a property and you expect to earn the following annual cash flows: Year 1 <$50,000> Year 2 $100,000 Year 3 $105,000 Year 4 $110,250 Year 5 $115,762 Assuming a discount rate of 10%, what is the present value of these cash flows
Answer:
$263,259.46
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = -$50,000
Cash flow in year 2 = $100,000
Cash flow in year 3 = $105,000
Cash flow in year 4 = $110,250
Cash flow in year 5 = $115,762
I = 10%
PV = 263,259.46
To determine the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
At the beginning of the year, American International had inventory worth $325,500 at cost. At the end of the year, the cost value of the inventory was $540,250. If annual cost of goods sold was $1,978,250 find the inventory turnover at cost for the year. (Round your answer to the nearest tenth) Group of answer choices
Answer:
Inventory turnover= 4.57
Explanation:
To calculate the inventory turnover, we need to use the following formula:
Inventory turnover= Cost of goods sold/ average inventory
Average inventory= (beginning inventory + ending inventory) / 2
Average inventory= (325,500 + 540,250) / 2
Average inventory= 432,875
Inventory turnover= 1,978,250 / 432,875
Inventory turnover= 4.57
In the liquidation of a partnership, any gain or loss on the realization of noncash assets should be allocated Group of answer choices first to creditors and the remainder to partners. to the partners on the basis of their capital balances. to the partners on the basis of their income-sharing ratio. only after all creditors have been paid.
Answer:
to the partners on the basis of their capital balances.
Explanation:
When the partnership is liquidated so any gain or loss that should be realized on non-cash asset should be distributed to the partners based on their capital balances. As at the time of gain or loss the sale of the non-cash assets should be distributed to the partners at their profit sharing ratio
therefore as per the given situation, the above represent the answer
Highlight your e- business plan??
Answer:
Umm...
Explanation:
I mean it's your plan lol...
Assume that total costs assigned to the setup activity cost pool in June are $60,000 and 50 setups were completed in June. Further, assume that during June machines were setup 12 times to make product G10. The total setup cost that would be assigned to product G10 would be:
Answer:
Allocated cost= $14,400
Explanation:
First, we need to calculate the allocation rate for setup:
Cost allocation rate= total estimated costs for the period/ total amount of allocation base
Cost allocation rate= 60,000 / 50
Cost allocation rate= $1,200 per setup
Now, we can allocate setup cost to G10:
Allocated cost= 1,200*12
Allocated cost= $14,400
Favre and Carter Law Office employ 12 full-time attorneys and 5 paraprofessionals. Budgeted salaries include $100,000 for each attorney and $30,000 per paraprofessional. For 20x1, indirect costs were budgeted at $250,000, but actually amounted to $300,000. Actual salaries were $110,000 for each attorney and $30,000 for each paraprofessional. Direct and indirect costs are applied on a professional labor-hour basis that includes both attorney and paraprofessional hours. Total budgeted labor-hours were 50,000; however, actual labor-hours were 60,000.
How much should the client be billed in a normal costing system which uses budgeted rate and cost allocations are based on actual data, when 1,000 professional labor-hours were used?
a. $27,000
b. $32,000
c. $34,800
d. $37,400
Answer:
Billed costs= $32,000
Explanation:
Giving the following information:
Total estimated cost attorney= 12*100,000= $1,200,000
Total estimated cost paraprofessional= 5*30,000= $150,000
Estimated Indirect costs= $250,000
Estimated number of hours= 50,000
First, we need to calculate the allocation rate:
Allocation rate= total estimated costs for the period/ total amount of allocation base
Allocation rate= (1,200,000 + 150,000 + 250,000) / 50,000
Allocation rate= 1,600,000/50,000
Allocation rate= $32
Now, for 1,000 hours:
Billed costs= 1,000*32= $32,000
contents of the workmen's compensation act
Answer:
The Workmen's Compensation Act, 1923 provides for payment of compensation to workmen (or their dependants) in case of personal injury caused by accident or certain occupational diseases arising out of and in the course of employment and resulting in disablement or death. The Act was last amended in 1976.
Hope this answer is right!
Bengal Co. provides the following unit sales forecast for the next three months: July August September Sales units 10,000 10,700 6,100 The company wants to end each month with ending finished goods inventory equal to 20% of the next month's sales. Finished goods inventory on June 30 is 2,000 units. The budgeted production units for August are:
Answer:
9780 units
Explanation:
Calculation to determine what The budgeted production units for August are:
Using this formula
Budgeted production in August= Budgeted sales + Desired ending inventory - Beginning inventory
Let plug in the formula
Budgeted production in August= $10,700 + ($6,100*20%) - ($10,700*20%)
Budgeted production in August=$10,700 + $1,220- $2,140
Budgeted production in August= 9780 units
Therefore The budgeted production units for August are:9780 units
What is the total cost to move products between work centers A and D, and between work centers B and C combined
Answer:
More than $0 but less than or equal to $100.
Explanation:
The transportation cost is $2.
Load summary is AB = 12, AC = 25, AD = 12, BC = -19, BD = 21, CD = 34.
The total cost to move product between A and D and B and C combined is ;
A and D = 12 * $2 = $24
B and C = 19 * $2 = $38.
Lucy has decided to save for a vacation in 18 months. She will save the money into a short-term investment account returning 4% annually. How much will she have to put away at the beginning of each month if the vacation cost is $15,000
Answer:
Monthly deposit= $810.20
Explanation:
Giving the following information:
Number of periods (n)= 18 months
Interest rate (i)= 0.04/12= 0.0033
Future value (FV)= $15,000
To calculate the monthly deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (15,000*0.0033) / [(1.0033^18) - 1]
A= $810.20
A. A stock's returns have the following distribution:
Demand for the
Company's Products Probability of This
Demand Occurring Rate of Return If
This Demand Occurs
Weak 0.1 (22%)
Below average 0.2 (12)
Average 0.3 17
Above average 0.2 33
Strong 0.2 56
1.0
Calculate the stock's expected return. Round your answer to two decimal places.
%
Calculate the stock's standard deviation. Do not round intermediate calculations. Round your answer to two decimal places.
%
Calculate the stock's coefficient of variation. Round your answer to two decimal places.
B. A stock has a required return of 16%; the risk-free rate is 4.5%; and the market risk premium is 5%.
What is the stock's beta? Round your answer to two decimal places.
If the market risk premium increased to 7%, what would happen to the stock's required rate of return? Assume that the risk-free rate and the beta remain unchanged. :
I. If the stock's beta is greater than 1.0, then the change in required rate of return will be greater than the change in the market risk premium.
II. If the stock's beta is less than 1.0, then the change in required rate of return will be greater than the change in the market risk premium.
III. If the stock's beta is greater than 1.0, then the change in required rate of return will be less than the change in the market risk premium.
IV. If the stock's beta is equal to 1.0, then the change in required rate of return will be greater than the change in the market risk premium.
V. If the stock's beta is equal to 1.0, then the change in required rate of return will be less than the change in the market risk premium.
New stock's required rate of return will be ?%. Round your answer to two decimal places.
Answer:
Following are the response to the given question:
Explanation:
For question 1:
The weighted average of each return is the expected return.
[tex]Expected\ return = 0.1 \times -0.22 + 0.2 \times -0.12 + 0.3 \times 0.17 + 0.2 \times 0.33 + 0.2 \times 0.56 \\\\[/tex]
[tex]= 0.1830 \\\\= 18.30\%[/tex]
For question 2:
Standard deviation is a measured source of the square deviations from the mean via probability.
[tex]Std \ dev = [0.1 \times (0.183-(-0.22))^2 + 0.2 \times (0.183-(-0.12))^2 + 0.3\times(0.183-0.17)^2 + 0.2\times (0.183-0.33)^2 + 0.2\times (0.183-0.56)^2]^{(\frac{1}{2})}\\\\[/tex]
[tex]= 0.2596 \\\\= 25.96\%[/tex]
For question 3:
For point a:
[tex]\text{Coefficient of variation} = \frac{std \ dev}{expected\ return} \\\\[/tex]
[tex]=\frac{0.2596}{0.183} \\\\= 1.42[/tex]
For point b:
As per the CAPM: [tex]\text{Required return = risk free rate + beta}\times \text{market risk premium}[/tex]
[tex]\to 16\% = 4.5\% + beta\times 5\%\\\\\to beta = 2.3[/tex]
In Option I:
When the beta of the stock exceeds 1.0, the change in the required rate of return must be higher than the increase in the premium of market risk. Beta is the degree to which stock return changes as market returns change.
[tex]\text{Required return = risk free rate + beta}\times \text{market risk premium}[/tex]
[tex]Required \ return = 4.5\% + 2.3\times 7\%\\\\Required \ return = 20.6\%\\\\[/tex]
Cape Corp. will pay a dividend of $3.60 next year. The company has stated that it will maintain a constant growth rate of 5 percent a year forever. a. If you want a return of 17 percent, how much will you pay for the stock
Answer:
$30
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
$3.6 / (0.17 - 0.05)
$3.60 / 0.12 = $30
You sell 25,000 loaf of bread per year. The carrying cost associated the main ingredient wheat flour is estimated to be $8 per unit (amount used for 1 loaf of bread) per year, and the ordering cost is $10 per order. And assume 1 year is 300 days and lead time is 3 days.
Required:
a. What is the EOQ?
b. How much money you will lose if you order 300 units of wheat flour? Calculate the total cost of inventory with EOQ model and with order size is 300. The difference will give you the answer.
c. Calculate the re-order point (assuming no uncertainty)?
Answer:
Annual Demand (D) = 25000
Carrying Cost (H) = 8
Ordering Costs (S) = 10
Number of working days = 300
Lead Time (Lt) = 3 days
a. EOQ = Sqrt (2*D*S/H)
EOQ = Sqrt (2*25000*10/8)
EOQ = Sqrt (62500)
EOQ = 250
b. Total Cost = (D * S) / EOQ + (EOQ * H) / 2
Total Cost = (25000 * 10) / 250 + (250 * 8) / 2
Total Cost = 1000 + 1000
Total Cost = 2000
Now, we calculate total Cost with order size: of 300
Total Cost = (25000 * 10) / 300 + (300 * 8) / 2
Total Costs = 833.3333 + 1200
Total Cost = 2,033.3333
The amount to lost if we order 300 units of wheat flour is as follows
= 2033.33 - 2000
= $33.33
3. ROP = (D / Number of working days) x Lt
ROP = (25000 / 300) * 3
ROP = 83.3333 * 3
ROP = 249.9999
ROP = 250
1. Prepare the December 31 adjusting entries for the following transactions. Omit explanations. 1. Fees accrued but not billed, $6,300. 2. The supplies account balance on December 31, $4,750; supplies on hand, $960. 3. Wages accrued but not paid, $2,700. 4. Depreciation of office equipment, $1,650. 5. Rent expired during year, $10,800.
Answer:
1. Debit Accounts Receivable $6300
Credit Fees Revenue $6300
2. Debit Supplies Expense $3790
Credit Supplies $3790
3. Debit Wages Expense $2700
Credit Wages Payable $2700
4. Debit Depreciation Expense $1650
Credit Accumulated Depreciation-office equip. $1650
5. Debit Rent Expense $10800
Credit Prepaid Rent $10800
Explanation:
Preparation of the December 31 adjusting entries
1. Debit Accounts Receivable $6300
Credit Fees Revenue $6300
2. Debit Supplies Expense $3790
Credit Supplies $3790
(4750-960)
3. Debit Wages Expense $2700
Credit Wages Payable $2700
4. Debit Depreciation Expense $1650
Credit Accumulated Depreciation-office equip. $1650
5. Debit Rent Expense $10800
Credit Prepaid Rent $10800
After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of Schenkel Enterprises. Unfortunately, you will be the only individual voting for you. a. If the company has 470,000 shares outstanding and the stock currently sells for $41, how much will it cost you to buy a seat if the company uses straight voting
Answer: $9,635,041
Explanation:
With 470,000 shares, you will need to hold a majority to vote yourself into the board.
To gain a majority, you need more than 50% of the shares:
= 470,000 / 2 + 1 share to give you majority
= 235,001 shares
The cost of 235,001 shares is:
= 235,001 * 41
= $9,635,041
The estimates of the manufacturing overhead and of machine-hours were made at the beginning of the year for the purpose of computing the company's predetermined overhead rate for the year. The predetermined overhead rate is closest to:
Answer:
hejjhenenshnwhajwjejehhesnwnw
Answer:
I don't know hohihihihihihi
Potential entrepreneurs would be well advised to surround themselves with people who are smarter than they are.
a. True
b. False
Answer:
a. True
Explanation:
The entrepreneurs who are potential wants them to surround themselves with the people who are more smarter with them so that they would feel more challenging due to which they make the plans accordingly also it keeps the eye to the people what they are doing so accordingly they would make the strategies in order to capture the market share
therefore the given statement is true
Last year, BTA Corporation, a calendar-year taxpayer, reported a net operating loss of $10,000 and a $0 tax liability. BTA confidently anticipates a current year tax liability of $240,000.
What minimum estimated tax payments should BTA make for the first, second, third, and fourth quartyers respectively (ignore the annualized income method), assuming the following?.
Required:
a. BTA is not considered to be a large corporation for estimatedtax purposes
b. BTA is considered to be a large corporation for estimated tax purposes?
Answer and Explanation:
a. In the case when the BTA does not have the tax liability previous year so it would use the present year liability to measure out the minimum predicted tax payment quarter wise
So the current year tax liability is $240,000
So the estimated tax payment is
= $240,000 × 25%
= $60,000 per quarter
b. In this given case also the predicted quarterly tax payment is $60,000 because the BTA cannot applied the previous year tax exception for any type of quarter
If a company is overly optimistic about debt collection, the company will understate bad debt expense and:
Answer:
overstate net income but days to collect will increase.
Explanation:
A bad debt expense is defined when any receivable is no more collectible as the customer is not able to fulfil or satisfy the obligation in order to pay the obligation of paying an outstanding debt because of some financial problems or due to bankruptcy.
Thus when any organization is more optimistic about the debt collection, it will understate the bad debt expenses and will also overstate the net income. But in this case the number of days to collect the payment increases.
Ramble On Co. wishes to maintain a growth rate of 13.6 percent per year, a debt-equity ratio of 1.8, and a dividend payout ratio of 30 percent. The ratio of total assets to sales is constant at .98. What profit margin must the firm achieve
Answer: 5.99%
Explanation:
Based on the question,
Dividend payout ratio = 30%
Therefore, the retention ratio will be:
= 1 - 30%
= 70%
Growth rate = 13.6%
We'll the use the sustainable growth rate formula which will be:
0.136 = (ROE x 0.7)/ (1-(ROE x 0.7))
0.136(1 - (0.7ROE)) = 0.7ROE
ROE = 0.136/0.7952
ROE = 0.171026
Then, the Profit margin will be:
ROE = Profit Margin x Asset Turnover x Equity multiplier
0.171026 = PM x (1/0.98) x (1 + 1.8)
0.171026 = PM x (1/0.98) x 2.8
PM = 0.171026 x 0.98/2.8
PM = 0.0598591
Profit margin = 5.99%
