Solved

Sunshine Rentals Has a Debt-Equity Ratio of

Question 108

Multiple Choice

Sunshine Rentals has a debt-equity ratio of .67.The return on assets is 8.1 percent, and total equity is $595,000.What is the net income?

A) $82,147.09
B) $81,311.29
C) $80,485.65
D) $78,887.02
E) $83,013.69

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