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Calculate net income given the following information: fixed asset turnover =8 times; profit margin =18.75%; net fixed assets =$30,000. Multiple Choice $43,000 $45,000 $44,000 $46,000

Calculate net income given the following information: fixed asset turnover =8 times; profit margin =18.75%; net fixed assets =$30,000. Multiple Choice $43,000 $45,000 $44,000 $46,000 $42,000

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