Solved

Best-Ever Chicken Has a Debt-Equity Ratio of

Question 48

Multiple Choice

Best-Ever Chicken has a debt-equity ratio of .94. Return on assets is 8.5 percent, and total equity is $520,000. What is the net income?

A) $44,200
B) $88,880
C) $85,748
D) $41,548
E) $74,909

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