Multiple Choice
A firm has a debt-equity ratio of 57 percent,a total asset turnover of 1.12,and a profit margin of 4.9 percent.The total equity is $511,640.What is the amount of the net income?
A) $28,079
B) $35,143
C) $44,084
D) $47,601
E) $52,418
Correct Answer:
Verified
Correct Answer:
Verified
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