Multiple Choice
An Edmonton firm has a debt-equity ratio of 62 %, a total asset turnover of 1.39, and a profit margin of 7.8 %. The total equity is $672,100. What is the amount of the net income?
A) $118,048
B) $119,600
C) $120,202
D) $121,212
E) $124,097
Correct Answer:
Verified
Correct Answer:
Verified
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