Multiple Choice
Calculate net income given the following information: tax rate = 30%; accounts receivable = $900; receivable turnover = 5 times; inventory = $500; inventory turnover = 3.20 times; operating expenses = $700; interest expense = $200.
A) $1,400
B) $1,465
C) $1,565
D) $1,665
E) $1,765
Correct Answer:
Verified
Correct Answer:
Verified
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