Multiple Choice
Saunders, Inc., has a ROE of 18.7 percent, an equity multiplier of 2.53 times, sales of $2.75 million, and a total assets turnover of 2.7 times. What is the firm's net income? Round your final answer to two decimal places.
A) $75,281.80
B) $514,250.00
C) $51,425.00
D) $7,528.10
Correct Answer:
Verified
Correct Answer:
Verified
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