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4. Wonderful and Beautiful Limited has sales of $2,200,000, total assets of $1,400,000, and a debt-equity ratio of 0.3. Its return on equity is 15%.

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4. Wonderful and Beautiful Limited has sales of $2,200,000, total assets of $1,400,000, and a debt-equity ratio of 0.3. Its return on equity is 15%. What is the net income? A. $264,000 B. $286,000 C. $308,000 D. $330,000 5. Your parents invested a lump sum 18 years ago at an annual interest of 4.25%. Today, they gave you the proceeds of that investment which totaled $211,528.62. How much did they originally invest? A. $100,000 B. $110,000 C. $120,000 D. $130,000

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