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4. Y3K, Inc., has sales of $4,200, total assets of $2,885, and a debtequity ratio of 1.20. If its return on equity is 15 percent,

4. Y3K, Inc., has sales of $4,200, total assets of $2,885, and a debtequity ratio of 1.20. If its return on equity is 15 percent, what its net income?

a. $61.59

b. $135.12

c. $196.70

d. $630.00

e. $432.75

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