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    Exam 3: Working With Financial Statements
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    The Medicine Shoppe Has a Return on Equity of 19
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The Medicine Shoppe Has a Return on Equity of 19

Question 29

Question 29

Multiple Choice

The Medicine Shoppe has a return on equity of 19.2 percent,a profit margin of 11.6 percent,and total equity of $738,000.What is the net income?


A) $85,608
B) $113,875
C) $141,696
D) $146,542
E) $149,897

Correct Answer:

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