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Max Corp. has sales of $500, total assets of $300, and a debt/equity ratio of 2. If its retum on equity is 15%, what is

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Max Corp. has sales of $500, total assets of $300, and a debt/equity ratio of 2. If its retum on equity is 15%, what is its net income? a. Less than $7.50 b. Greater than $7.50 but less than $12.50 c. Greater than $12.50 but less than $17.50 d. Greater than $17.50 but less than $22.50 e. Greater than $22.50

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