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Sales = $260,000, total assets = $500,000, debt-equity ratio = 0.80, return on equity = 13.90%. What is net income? Below $25,000 Between $25,000 and

Sales = $260,000, total assets = $500,000, debt-equity ratio = 0.80, return on equity = 13.90%. What is net income?

Below $25,000

Between $25,000 and $30,000

Between $30,000 and $35,000

Between $35,000 and $40,000

Between $40,000 and $45,000

Between $45,000 and $50,000

Between $50,000 and $55,000

Above $55,000

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