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Calculate net income given the following information: tax rate=30%; accounts receivable = $900; receivable turnover = 5 times; inventory $500; inventory turnover = 3.20 times;

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Calculate net income given the following information: tax rate=30%; accounts receivable = $900; receivable turnover = 5 times; inventory $500; inventory turnover = 3.20 times; operating expenses = $700; interest expense = $200. Multiple Choice $1,400 $1,465 $1,565 Calculate net income given the following information: tax rate = 30%, accounts receivable - $900; receivable turnover = 5 times; inventory = $500; inventory turnover = 3.20 times; operating expenses = $700; interest expense = $200. Multiple Choice $1,400 $1,465 $1,565 O $1,665

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