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A firm has equity multiplier of 1.57, a total asset turnover of 1.12, and a profit margin of 4.9 percent. The total equity is $511,640.

A firm has equity multiplier of 1.57, 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? $28,079; $35,143; $44,084: $47,601 $52.418

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